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On May 4, 2020, J.Crew filed for Chapter 11 bankruptcy protection as a result of the COVID-19 pandemic, [45] although the company had amassed enormous debt even before the outbreak. Chinos Holdings, Inc. and 17 affiliated debtors filed Chapter 11 bankruptcy in the United States District Court for the Eastern District of Virginia. These debtors ...
J. Crew, which employed about 13,000 people before an April furlough program, is the first high-profile retailer to seek bankruptcy protection since the coronavirus spread across the globe ...
Yahoo Finance's Akiko Fujita, Melody Hahm, and Dan Roberts discuss the latest retail casualty — J. Crew.
Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Heidi Chung discuss J.Crew's bankruptcy filing amid the coronavirus pandemic.
J.Crew was the first national retailer to file for Chapter 11 bankruptcy during the pandemic on May 4. [31] After 60 years in business, Northgate Mall in Durham, North Carolina, closed on May 4, the first shopping mall in the United States to directly attribute the pandemic as the reason for the closure. [32] [33]
J. Crew closed 61 stores in 2017 and sporadically closed additional individual stores in the first quarter of 2018. [172] On May 4, 2020, J. Crew announced its filing for Chapter 11 bankruptcy. [173] Kenneth Cole Productions shut down its 63 outlet stores in 2016 to focus its efforts on its e-commerce site. [174]
Preppy mass-market mall brand J.Crew filed for Chapter 11 bankruptcy protection Monday, making it the first major retailer to seek bankruptcy protection as a result of the pandemic. Along with ...
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