The filings in bankruptcy cases, especially large and complex ones, tend to be long and not terribly exciting reading. You can find important bits of information like store closing lists and gift card policies, but what one doesn’t expect to find among thousands of pages of legal forms is a handwritten letter from a child defending a chain retailer with 866 stores. [More]
bankruptcy court
Here Are The 81 Stores Payless ShoeSource Wants To Close Next
By 6.14.17
Payless ShoeSource is the nation’s leading provider of shoes that look just enough like Chuck Taylor All-Stars but that are buy one, get one free. The chain is now in Chapter 11 bankruptcy, hoping to trim its store fleet and its substantial debt. In a recent court filing, the chain listed 81 more locations that it may or may not close, pending negotiations with its landlords. [More]
Report: Dick’s Won Auction For Golfsmith’s Intellectual Property, U.S. Stores
By 10.21.16
According to “a person familiar with the matter,” Dick’s Sporting Goods picked up the U.S. business and intellectual property of bankrupt specialty retailer Golfsmith for $70 million, as expected. Serving as its caddies for this round were well-known names in the retail liquidation business, Hilco Global and Tiger Capital Group. [More]
Sports Authority Will Liquidate, Sell Some Stores To Competitors
By 4.26.16
When Sports Authority filed for bankruptcy protection last month, the company hoped that it might be able to survive the process, re-organizing its debts and keeping some of its stores open. Today in bankruptcy court, a company attorney told the judge that Sports Authority will not continue, and there are prominent but unnamed companies that may purchase some of the chain’s remaining 300 or so stores. The bankruptcy auction will be on May 16. [More]
RadioShack Bankruptcy Trustee Wants Customer Mailing Lists Removed From Auction
By 4.24.15
Bankrupt RadioShack doesn’t have a lot of assets left that anyone might want, but one very marketable asset is its mailing lists. Specifically, 65 million names and addresses and 13 million e-mail addresses. In March, RadioShack said that it wouldn’t be selling that information…yet. Now that it’s time to sell off the former company’s intellectual property, all of that contact inforamtion is potentially for sale again. [More]
Use Your RadioShack And Deb Gift Cards Right Now
By 3.2.15
Do you have gift cards lingering in your wallet from RadioShack or Deb? If so, put down the device you’re reading this post on and head over to the store right now to spend that card. That’s only slightly hyperbolic, but card holders will need to get to RadioShack before March 5 and to Deb before March 8 to cash in their cards before they’re worthless. [More]
