The long list of restaurant chains filing for bankruptcy amid slower sales added another name today: Romano’s Macaroni Grill. [More]
bankruptcy
More Retailers Are Actually Surviving Bankruptcy, Saving Jobs And Stores
By 10.6.17
This year, there have been a record number of retail bankruptcies, but there’s also been a change in the industry. While some of the largest recent retail bankruptcies were preludes to liquidation, lenders and landlords are now working to keep as many stores open as possible after bankruptcy. [More]
Toys ‘R’ Us Hopes Playrooms & Augmented Reality Stations Will Bring Customers Back
By 10.2.17
If Toys ‘R’ Us is going to survive its recent bankruptcy filing and prevent a domino effect of debt throughout the toy industry, the retailer will need to get shoppers into stores and buying things. The company is hoping that making its stores more interactive for customers — including try-before-you-buy playrooms — will help put it back on the path to solvency. [More]
Toymakers Owed Millions Brace For Hit After Toys ‘R’ Us Bankruptcy
By 9.29.17
Many toymakers say they won’t let Toys ‘R’ Us die after filing for bankruptcy, noting that doing so would be bad for their own businesses. After all, the chain is typically their biggest client. However, it appears there’s more at stake, namely, the millions of dollars the manufacturers are owed. [More]
Here Is The List Of Aerosoles Stores Closing Because Of Bankruptcy
By 9.25.17
Comfy shoes seller Aerosoles recently followed in the footsteps of many other familiar mall retailers, declaring bankruptcy and announcing plans to shutter many of its retail locations. Now, thanks to a court filing, we have the list of the Aerosoles stores actually heading for eternal rest. [More]
Small Vendors Cut Ties With Toys ‘R’ Us, Concerned They Won’t Be Paid
By 9.25.17
While some suppliers of bankrupt toy mega-chain Toys ‘R’ Us are desperate to make sure that the chain stays in business, others are taking the opportunity to stop dealing with the mega-chain. That’s because they’ve already shipped thousands or millions of dollars’ worth of merchandise to the deeply indebted retailer that they may never be paid for. [More]
Toymakers Won’t Let Toys ‘R’ Us Die Because That Would Be Bad For Their Business
By 9.20.17
Although the news of the Toys ‘R’ Us bankruptcy may have thrown some shoppers into a pre-holidays panic at first, the company will be keeping its stores open and its shelves stocked with toys. Not only because it wants to cash in during its biggest season, but because its suppliers need it to stick around. [More]
Toys ‘R’ Us Files For Bankruptcy But Plans To Keep Stores Open For Holiday Shopping
By 9.19.17
Well, that was quick: Soon after the rumor mill lit up with the news that Toys ‘R’ Us could be preparing to file for bankruptcy, the debt-strapped toy chain has gone ahead and done exactly that. [More]
Aerosoles Files For Bankruptcy Protection, Plans To Close Most Of Its Stores
By 9.15.17 — Updated: 9.19.17
Aerosoles, maker of comfy women’s shoes, has the same troubles as other mall retailers: more physical stores than it needs, and not enough customers spending money in those stores. And so the company is joining 2017’s most unfortunate corporate club, and filing for bankruptcy. [More]
Vitamin World Files For Bankruptcy, Closing 51 Stores
By 9.12.17
The decrease in foot traffic to malls claimed yet another victim: Vitamin World has filed for bankruptcy and outlined plans to close dozens of stores. [More]
Perfumania Files For Bankruptcy, Plans To Close 64 Stores
By 8.28.17
You’ll soon have fewer stores to scoop up a bottle of perfume or cologne at a lower price: Discount fragrance retailer Perfumania has filed for bankruptcy and outlined plans to close dozens of stores. [More]
Here’s A Partial List Of Closed Joe’s Crab Shack & Brick House Tavern Locations
By 8.14.17 — Updated: 9.5.17
As we recently reported, employees at some Joe’s Crab Shack and Brick House Tavern restaurants found out without warning that their locations had been shut down immediately. While the corporate owners of these brands did not provide a list of shuttered locations, we’ve been able to piece together some spots that are now closed for good. [More]
Several Joe’s Crab Shack Restaurants Abruptly Close With No Warning To Employees
By 8.11.17
Joe’s Crab Shack and its sibling restaurant chain, Brick House Tavern, will soon have a new owner pending approval by the bankruptcy court. Yet it’s celebrating in a surprising way: The chain is abruptly closing locations scattered across the country, sending employees home during their shifts. Update: Here’s a newer list of recently closed locations that employees and customers sent to Consumerist. [More]
If You Don’t Have Your Alfred Angelo Dress Yet, You’re Not Getting It: Here’s What To Do
By 8.3.17
Last month, wedding and special occasion dress maker Alfred Angelo filed for bankruptcy and abruptly closed all of its stores, with some customers’ dresses still inside. The company’s bankruptcy trustee has now announced that if customers haven’t yet received their dresses, they never will. [More]
Alfred Angelo Abruptly Closes Stores, Freaks Out Brides Nationwide
By 7.14.17
Planning a wedding is already pretty stressful, and an unknown number of brides across the country have an extra and unanticipated source of stress: Alfred Angelo, a retailer and maker of bridal and bridesmaids’ gowns, abruptly closed its doors and stopped answering the phone yesterday. [More]
Denim Retailer True Religion Files For Bankruptcy
By 7.5.17
Before recent “crimes against jeans” in which companies are charged hundreds of dollars for “window” jeans, clear jeans, and painted on mud jeans, people would spend the same amount of money on a relatively simple, if not bedazzled, pair of high-end jeans. But with changing fashion and tastes, these denim-focused retailers of yesteryear aren’t faring so well. Case in point: One-time denim darling True Religion has filed for bankruptcy. [More]
What Does Takata Bankruptcy Mean For Deadly Airbag Recall?
By 6.26.17
After months of speculation, embattled auto parts maker Takata has officially filed for bankruptcy following a massive shrapnel-shooting airbag recall affecting more than 42 million vehicles and the legal fallout that followed. [More]
