Do you have a Gymboree gift card, or items to return or exchange? Stop putting that shopping trip off, because there are reports that the debt-laden children’s clothing retailer and enrichment class provider might be preparing to file for Chapter 11 bankruptcy soon. [More]
bankruptcy
American Apparel Reportedly Starts Making Clothes In Honduras And Nicaragua
By 4.7.17
Twice-bankrupt clothing company American Apparel was known for three things: its controversial founder Dov Charney; advertising that ranged from sassy to “is this porn?”; and for making all of its merchandise in the U.S. Now that Charney is long gone and the brand has been sold to Gildan, a Canadian company not associated with any of this history, it looks like some American Apparel be coming from Central America. [More]
Rue21 May Be Next Retailer To File For Bankruptcy
By 4.6.17
The retail wheel of misfortune has been particularly unkind to teen-targeted shops that occupy many of the nation’s malls and shopping centers. WetSeal, Aeropostale, Pacific Sun, and Quicksilver have all recently filed for bankruptcy, and a new report says Rue21 may be the next to fall. [More]
Here’s The List Of Payless Stores That Will Be Closing
By and 4.5.17 — Updated: 5.10.17
Now that Payless has filed for bankruptcy, the shoe chain will be closing the doors of 400 stores around the country. To help shoppers deal with the shutdowns, Payless has provided a list of not only which stores are closing but where shoppers can find stores nearby that will remain open. [More]
Payless Files For Chapter 11 Bankruptcy, Will Close 400 Stores
By 4.4.17 — Updated: 5.9.17
It seems like every mall has at least one Payless ShoeSource, but the chain is about to become a little less ubiquitous: It filed for Chapter 11 bankruptcy today, as expected, and announced plans to close 400 of its 4,000 stores. [More]
hhgregg Needs A Buyer This Week, Or It’s Liquidating
By 4.3.17
hhgregg, the appliance and furniture store whose name we have capitalized correctly, needs someone to save it. Very soon. The company needs to find a buyer this week, or it will begin its going out of business sales on Saturday, April 8. [More]
Number Of Big Retail Bankruptcies In 2017 Already Equal To All Of Last Year
By 3.31.17 — Updated: 4.1.17
We’re only three months into the year and already the retail battlefield is littered with the corpses of nine brands that have filed for bankruptcy — the same number that filed in all of 2016. [More]
Bank Of America Ordered To Pay $46M Over Improper Foreclosure
By 3.29.17 — Updated: 5.10.17
Bank of America must pay $46 million for improperly foreclosing on a California couple’s home in 2010. [More]
RadioShack Warns State It May Lay Off All Headquarters Employees
By 3.27.17
As twice-bankrupt electronics retailer RadioShack cuts back on its remaining network of stores across the country, the company has notified the state of Texas that it may close its corporate headquarters in Fort Worth at the end of May, or at minimum lay off some of the people who work there as its store network shrinks even more. [More]
These RadioShack Items Were Actually Cheaper Before They Went On ‘Clearance’ Sale
By and 3.21.17
We recently heard from RadioShack staffers that the retailer raised “original” or list prices on hundreds of items shortly before the Shack’s March 8 bankruptcy filing, presumably to give the appearance that the subsequent “clearance” sale offered deeper discounts than if the base price hadn’t changed. However, we can now see that some of the items on RadioShack’s website are now selling for more than they were only weeks before the store went bankrupt. [More]
Anonymous Bidder For hhgregg Backs Out Before Bankruptcy Auction
By 3.17.17
When hhgregg filed for bankruptcy, the appliance and electronics retailer said it already had one possible, unidentified buyer lined up, ready to bid in the eventual auction. Alas, that bidder has reportedly backed out, leaving behind clues to its identity. [More]
Inside Stories From RadioShack’s Sinking Ship: Tight Lips, Confusion, Questionable Clearance Prices
By 3.15.17 — Updated: 5.10.17
As RadioShack slouched toward its second bankruptcy in two years, employees of the once-great retailer inundated Consumerist with tales of tight-lipped managers, confusion over store closings, and “clearance” savings that aren’t what they appear to be. [More]
Gander Mountain Files For Bankruptcy, Plans To Close 32 Stores
By 3.13.17 — Updated: 5.10.17
The sporting goods retail apocalypse continues, and as predicted a month ago, the latest victim is Gander Mountain. The chain of hunting, fishing, and camping superstores, which does substantial business in firearms, filed for bankruptcy at the end of last week. The business will go up for auction, with company leaders hoping to close the sale by May 15. [More]
Gordmans Files For Bankruptcy, Will Liquidate
By 3.13.17 — Updated: 3.31.17
A week after reports suggested that midwest retailer Gordmans was preparing to file for bankruptcy, the off-price retailer has done so and revealed plans to liquidate assets. [More]
Here Is The List Of RadioShack Stores Closing Soon
By 3.10.17 — Updated: 3.17.17
RadioShack is, once again, bankrupt and all of its locations that aren’t being converted to Sprint stores are potentially on the chopping block. A new court filing has finally revealed which of the nearly 200 Shacks will be closing in the immediate future. [More]
RadioShack May Close Somewhere Between 530 And All Of Its Stores
By 3.9.17 — Updated: 5.10.17
For the second time in 25 months, electronics retailer RadioShack has filed for bankruptcy protection. The first time around, The Shack closed just over half of its stores, partnering with Sprint to keep the rest open and preserve thousands of jobs. This week, the company formed to keep the brand going sought permission from the bank to close between one-third and all of its stores. [More]
RadioShack Goes Bankrupt For Second Time In Two Years; Sprint Will Take Over Some Stores
By 3.8.17
That was quick. Barely two years after filing for its previous bankruptcy, RadioShack has again run out of money and options, resulting in the retail chain’s second Chapter 11 filing since Feb. 2015. [More]
Report: RadioShack In The Process Of Closing Around 200 Stores
By 3.7.17
As rumors continue to swirl that RadioShack’s parent company is preparing to file for bankruptcy, a new report backs that up, and says that the chain is in the process of closing around 200 stores. From the response we’ve gotten from readers asking about the status of their local stores, we aren’t surprised. [More]
