Dick’s Plans To Bid On Bankrupt Competitor Golfsmith

This has been a bad year to be in the brick-and-mortar sporting goods business, unless you’re the dominant chain in that market, Dick’s. Golfsmith filed for bankruptcy protection earlier this year, and a major competitor was Golf Galaxy, a similar specialty chain owned by… Dick’s. Now the bankrupt chain’s former competitor is reportedly preparing to buy its United States business, at least, out of bankruptcy. [More]


Lawmakers: Takata Bankruptcy Could Leave Consumers On The Hook For Repairs

Facing billions of dollars in losses related to fines, penalties, repair costs, and other expenses connected to the massive recall of shrapnel-shooting airbags, Takata is reportedly looking at restructuring through bankruptcy as an option. But if the auto parts maker goes this route, would we all be stuck footing the bill to replace the defective safety devices?  [More]

James Callan

Fast-Casual Chain Cosi Declares Bankruptcy, Shutters 29 Locations

If you happen to enjoy your lunch on a salty flatbread of an afternoon, or your breakfast on a square bagel of a morning, well, we’ve got some bad news for your morning: Cosi has declared Chapter 11 bankruptcy and shut more than a third of its company-owned stores. [More]


Here’s Why Mall Owners Stepped In To Save Aeropostale

The winners of the bankruptcy auction for teen clothing retailer Aeropostale weren’t a competing clothing chain or another retailer hoping to get into the teen clothing biz: it was a joint venture by mall landlords, who apparently didn’t want to face another hole in their shopping centers left by a bankrupt retailer. [More]


American Apparel CEO Expected To Leave Company Next Monday

While clothing company American Apparel has survived bankruptcy and is considering outsourcing its manufacturing operations to a cheaper city than Los Angeles, it will have to do all of that under a different leader: the company’s current CEO is reportedly leaving in just over a week. The company’s chairman also left recently after just about six months in the job. [More]


Aeropostale Increases Number Of Stores That Will Stay Open To 400

Earlier this week, a bankruptcy judge approved a $243 million bid from a group of mall landlords, liquidators, and a licensing company that would save 229 of Aeropostale’s 720 stores from closing their doors forever. Things are looking even better than expected now for the teen retailer, as its new owners say they’ll be able to keep open 171 more stores than originally planned. [More]

Max Feingold

Bored Hanjin Ship Crew Spends Third Week Off Coast Of Singapore

The good news for the crew of a Hanjin ship left stranded by the company’s abriupt bankruptcy is that it has plenty of food and water, something that their union worried about. Crew members even have local prepaid cell phone cards so they can stay in touch with their families. They would prefer to be at home with their families, and to know whether they’ll still have jobs or be able to find jobs once they’re finally allowed off the ship. [More]

Sam Ejnes

Sporting Goods Store Apocalypse Continues With Bankruptcy Of Golfsmith

You might not recognize the name Golfsmith, but it’s the biggest golf-only store in North America, with 109 stores here and 55 in Canada. Golf, however, isn’t as hot as it was in the years after Tiger Woods went pro, and the sport’s popularity is waning. That means there’s less need for all-golf stores. [More]


Bankruptcy Judge Approves Sale Of Aeropostale That Could Keep 229 Stores Open

It looks like the bid Aeropostale received at the end of August that could end up saving at least 229 stores and 7,000 or so jobs is one step closer to the real thing for the struggling teen retailer, after a bankruptcy judge gave the offer his approval. [More]


Samsung Trying To Pay To Get Its Stuff Off Stranded Hanjin Ships

For more than a week, dozens of container ships operated by Hanjin Shipping have been stranded at sea after the company’s sudden bankruptcy filing, delaying deliveries for goods just as retailers are stocking up for the holiday shopping season. Now Samsung is asking a judge for help to get its stuff out of Hanjin’s hands. [More]

Max Feingold

Shipping Company Bankruptcy Leaves Container Ships Stranded With Dwindling Food, Water For Crews

We recently wrote about how the bankruptcy of Hanjin Shipping could put holiday orders for hot-ticket items from companies like Samsung and LG at risk for delays and higher costs, but what we didn’t get into at the time was the increasingly spartan living situations for the workers stranded on board dozens of ships stuck at sea or in port. [More]


Aeropostale Receives A Bid That Would Keep At Least 229 Stores Open

Aeropostale, a teen-focused clothing retailer, filed for bankruptcy earlier this year, and since then its continuing existence has been in question. Its business assets are up for auction this week, and the retailer reports that a bid has come in that would keep the doors open and the jeans flowing onto store shelves. [More]

Fox & Hound, Champps Locations Closing After Owner Files For Bankruptcy

Fox & Hound, Champps Locations Closing After Owner Files For Bankruptcy

If you were planning on watching upcoming NCAA or NFL games at a Fox & Hound or Champps sport bar, you should call first. Dozens of locations for the bar/restaurant chains are shuttering only weeks after their parent company filed for bankruptcy protection.  [More] Shutting Down After Bankruptcy Sale To Univision Shutting Down After Bankruptcy Sale To Univision

Gawker Media declared bankruptcy in June after losing a major lawsuit. The company went up on the auction block this week and Univision bought it up. And while the company likely has plans in mind for at least some of what it paid for, the flagship site isn’t going with: is shutting down.


Nicholas Eckhart

Sports Authority Asks For Smaller Non-Bonuses For 3 Remaining Executives

Perhaps Sports Authority’s attorneys should have anticipated that the public and the chain’s former employees’ reaction to the news that the company wanted to distribute bonuses to some of its executives. Even the judge in the retailer’s bankruptcy case had harsh words about the bonus proposal. The company has filed another motion, though, seeking smaller bonuses and explaining that they are not, in fact, a reward for running the business into the ground. [More]


Bankrupt Aeropostale In Talks To Sell Company & Keep Brand Alive

After announcing last month that its planned reorganization under bankruptcy just wasn’t going to cut it, teen retailer Aeropostale began prepping to auction off its assets. Now, the company appears to be nearing a deal with a private equity firm.  [More]

Nicholas Eckhart

Logan’s Roadhouse Files For Bankruptcy, Will Close 18 Locations

No road trip would be complete without stopping by a kitschy restaurant right off the highway. Travelers will soon have slightly fewer eateries to choose from as Logan’s Roadhouse filed for bankruptcy Monday, detailing plans to close more than a dozen of its locations.  [More]

Kevin McCarthy (modified)

Michaels Buys Mailing Lists, Intellectual Property Of Hancock Fabrics

When the original intellectual property auction for the remaining assets of the former sewing and craft chain Hancock Fabrics concluded, the winning bidder was a company called ADMACO, Inc. Who? That turned out to be an alias for Michaels, the nationwide craft supplies chain, which will take over the Hancock Fabrics trademarks, and the 10 million names on its mailing list. [More]