bankruptcy

Nicholas Eckhart

Bankrupt Gander Mountain Could Have A Buyer, Allowing Stores To Stay Open

When specialty sporting goods retailer Gander Mountain recently went bankrupt, the future of the company’s physical locations was in doubt. Now comes a report that there may be a buyer for Gander Mountain that could keep some of the chain’s stores open. [More]

Mike Mozart

Eastern Mountain Sports, Bob’s Purchased By UK Retailer Sports Direct

After their parent company went bankrupt twice in one year, sporting goods chains Bob’s and Eastern Mountain Sports have a new owner: Sports Direct, which already operates hundreds of stores in Europe and has had its eye on U.S. expansion for a while. [More]

Mike Mozart

Payless Delays Severance Pay For Employees Until At Least May 9

Employees of Payless ShoeSource who lost their jobs before the company’s bankruptcy filing have received some really difficult news: They won’t be receiving their severance payments for at least another month, as the company waits for its next hearing in federal bankruptcy court. [More]

Phillip Pessar

Gymboree Rumored To Be Prepping For Bankruptcy, So Use Your Gift Cards Now

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]

TheGlassPeople

American Apparel Reportedly Starts Making Clothes In Honduras And Nicaragua

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]

Google Maps

Rue21 May Be Next Retailer To File For Bankruptcy

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]

JeepersMedia

Here’s The List Of Payless Stores That Will Be Closing

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]

Mike Mozart

Payless Files For Chapter 11 Bankruptcy, Will Close 400 Stores

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]

Daniel Oines

hhgregg Needs A Buyer This Week, Or It’s Liquidating

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]

somegeekintn

Number Of Big Retail Bankruptcies In 2017 Already Equal To All Of Last Year

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]

Mike Mozart

Bank Of America Ordered To Pay $46M Over Improper Foreclosure

Bank of America must pay $46 million for improperly foreclosing on a California couple’s home in 2010.  [More]

Consumerist

RadioShack Warns State It May Lay Off All Headquarters Employees

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

These RadioShack Items Were Actually Cheaper Before They Went On ‘Clearance’ Sale

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]

Daniel Oines

Anonymous Bidder For hhgregg Backs Out Before Bankruptcy Auction

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

Inside Stories From RadioShack’s Sinking Ship: Tight Lips, Confusion, Questionable Clearance Prices

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]

Nicholas Eckhart

Gander Mountain Files For Bankruptcy, Plans To Close 32 Stores

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]

Nicholas Eckhart

Gordmans Files For Bankruptcy, Will Liquidate

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

Here Is The List Of RadioShack Stores Closing Soon

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]