bankruptcy

saeru

Bankrupt Big Apple Circus Will Stay Alive Under New Ownership

The show must go on, and for the Big Apple Circus, that hackneyed old saying is actually true: A judge has approved a deal that will save the circus by selling its tents, equipment, and intellectual property to an investment firm. [More]

Nicholas Eckhart

Report: Outdoors Superstore Gander Mountain Looking To File For Bankruptcy

Wait, there’s yet another sporting goods store potentially headed for bankruptcy? There are reports that Gander Mountain, an outdoorsy chain that calls itself “America’s firearms superstore” is headed for bankruptcy. [More]

Mike Mozart

Owner Of Eastern Mountain Sports And Bob’s Stores Files For Bankruptcy Again

Last year, Vestis Retail –– parent company of Sport Chalet, Eastern Mountain Sports, and Bob’s Stores –– filed for bankruptcy and shed the Sport Chalet brand. Now the company formed out of that bankruptcy, Eastern Outfitters, is itself filing for bankruptcy and hoping for a buyer. [More]

Phillip Pessar

Wet Seal Files For Second Bankruptcy Since 2015

In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [More]

bluwmongoose

Here’s How You Might Get Something Back From Gift Cards For The Limited

When a retailer files for bankruptcy protection, that typically means that it will stop accepting gift cards, which is very bad news if you happen to hold one. If customers of The Limited didn’t spend their gift cards before the chain shut down its retail stores and its website, they lose the value of their cards. [More]

Nicholas Eckhart

Sports Authority Customers Are Shopping Somewhere, Not Sporting Goods Stores

Where did Sports Authority’s customers go? The sporting goods retailer filed for bankruptcy almost a year ago, closing all of its stores by the end of the summer. However, other retailers in this sector are puzzled because the Sports Authority customers who, in theory, should have taken their business to the competition have apparently just stopped buying sporting goods. [More]

The Limited Files For Bankruptcy, Shutters Online Store (For Now)

The Limited Files For Bankruptcy, Shutters Online Store (For Now)

The retail slaughter continues on in 2017 with its latest victim: after shutting down all 250 remaining stores Jan. 8, The Limited has filed for bankruptcy and has shuttered its online store — for now, at least. [More]

Michael Kalus

Fate Of American Apparel Stores Remains Unclear After Bankruptcy Auction

Last week, Canada’s Gildan Activewear purchased the American Apparel brand, but not the company’s retail locations, leading to reports that all 110 stores would be shuttered. Yet, what remains of American Apparel won’t confirm those closures — for the moment. [More]

TheGlassPeople

Report: American Apparel Starting Layoffs At Southern California Factories

Now that American Apparel has been sold off to Canadian-based apparel maker Gildan Activewear, not only could all 110 stores reportedly be closing, but the retailer’s new owner has also decided not to buy some of its manufacturing operations after all, insiders say, prompting the start of layoffs for thousands of workers in Southern California. [More]

saeru

Big Apple Circus Assets Going Up For Sale In Bankruptcy Auction

If you’re the kind of person who’s always dreamed of putting on your very own performance under the Big Top, your fantasy could become real: after filing for bankruptcy last year, Big Apple Circus is putting its assets on the auction block. [More]

TheGlassPeople

Report: Amazon, Forever 21 Interested In Buying Bankrupt American Apparel

Stores are set to shut down, thousands of employees may be laid off, but we still haven’t reached the end of the American Apparel Bankruptcy: Part II saga. In yet another plot twist, Amazon and Forever 21 are appearing as rumored new suitors ahead of the upcoming bankruptcy auction. [More]

Former ITT Tech Students Sue To Be Included In Bankruptcy Proceedings

Former ITT Tech Students Sue To Be Included In Bankruptcy Proceedings

When a retailer goes bankrupt, little thought is given to the store’s customers, but what happens when a for-profit educator goes bust? Do its customers — the former students — have any right to be involved in the bankruptcy proceedings?  [More]

Phillip Pessar

It’s Probably Time To Use Up Your Gift Cards For The Limited

If you’ve got a gift card for The Limited gathering dust, you may want to use it before a potential bankruptcy could make that card worth less than the plastic it’s printed on. [More]

Michael Kalus

American Apparel To Liquidate Nine Stores Ahead Of January Auction

Two weeks after American Apparel confirmed it could lay off 3,500 workers as part of its second bankruptcy go-around in two years, the company received approval to liquidate nine stores by the end of the month.  [More]

TheGlassPeople

American Apparel Confirms It Might Lay Off 3,500 Workers Next Month

After earlier reports that hundreds of American Apparel workers were told they would be out of a job next month, the struggling retailer confirmed on Monday that it had sent notices to almost 3,500 employees warning them of potential layoffs. [More]

TheGlassPeople

American Apparel Hands Out Layoff Notices, Extends Bidding Period

Twice-bankrupt clothing company American Apparel is in a hurry to get itself sold. While the company had a deal in place to sell to Gildan Activewear even before filing, now it has asked the court to change the auction timetable, but without extending the bidding process as long as its creditors would prefer. [More]

Matthew Hunt

Reminder: Friday Is The Last Day To Redeem Your RadioShack Gift Cards

The bankruptcy of RadioShack at the beginning of 2015 probably seems like a distant event to you now, but the business entity that used to be the massive electronics chain is still wrapping up its affairs. One of those last pieces of business is the end of gift card redemptions. The Shack’s estate will stop accepting requests on Friday, Dec. 2, 2016. [More]

Michael Kalus

American Apparel Files For Bankruptcy (Yes, Again)

The writing has been on the wall for a while, and it seems the inevitable has finally come to pass: troubled apparel retailer American Apparel this morning filed for bankruptcy in a Delaware court. Yes, again. [More]