bankruptcy

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]

Consumerist

RadioShack May Close Somewhere Between 530 And All Of Its Stores

For the second time in 25 months, electronics retailer RadioShack has filed for bankruptcy protection. The first time around, The Shack closed just over half of its stores, partnering with Sprint to keep the rest open and preserve thousands of jobs. This week, the company formed to keep the brand going sought permission from the bank to close between one-third and all of its stores. [More]

Consumerist

RadioShack Goes Bankrupt For Second Time In Two Years; Sprint Will Take Over Some Stores

That was quick. Barely two years after filing for its previous bankruptcy, RadioShack has again run out of money and options, resulting in the retail chain’s second Chapter 11 filing since Feb. 2015. [More]

Consumerist

Report: RadioShack In The Process Of Closing Around 200 Stores

As rumors continue to swirl that RadioShack’s parent company is preparing to file for bankruptcy, a new report backs that up, and says that the chain is in the process of closing around 200 stores. From the response we’ve gotten from readers asking about the status of their local stores, we aren’t surprised. [More]

Daniel Oines

hhgregg Files For Bankruptcy, Already Has A Buyer Lined Up

In news that will come as a surprise to just about no one, hhgregg has filed for Chapter 11 bankruptcy. The appliance, electronics, and furniture retailer had previously announced it was, closing 40% of its stores, but it apparently concluded that the best strategy was a quick Chapter 11 and sale. [More]

Nicholas Eckhart

Midwest Off-Price Retailer Gordmans May Be In Financial Trouble

So far this year, several national retailers have filed for bankruptcy and closed some, if not all, of their doors. But it’s not just mega chains like Kmart, Macy’s, and The Limited that are hurting, regional chains are also feeling the pressure. To that end: off-price department store chain Gordmans is reportedly preparing to file for bankruptcy.  [More]

Nick Papakyriazis

What Can You Do When Your Adoption Agency Goes Bankrupt?

Adopting a child can require years of effort and huge financial expenses, with no guarantee that all your efforts will turn out successfully. It’s a lesson that thousands of hopeful parents are learning after the sudden bankruptcy of a large, national adoption agency. [More]

Nicholas Eckhart

Company Born From RadioShack’s Ashes May File For Bankruptcy

After RadioShack filed for bankruptcy in 2015, a new company — formed by a partnership between Sprint and the Shack’s new owners at Standard General — rose out of the ashes. Now comes news that this company, General Wireless, may also be facing bankruptcy. [More]

Mike Mozart

BCBG Max Azria Files For Bankruptcy, Admits It’s No Longer Chic

The fashion retailer BCBG Max Azria closed 120 stores at the beginning of last month, setting off speculation that it might be about to file for bankruptcy. This speculation was correct: The purveyor of dressy yet affordable clothes filed for Chapter 11 bankruptcy today, seeking to either sell the business or make a deal that would give its junior creditors a stake in the business instead of cash. [More]

Mike Mozart

BCBG Max Azria Reportedly Prepping For Bankruptcy

Earlier this month, BCBG Max Azria Group announced the closure of nearly 120 stores, setting off rumors that it would soon join the growing list of mall tenants filing for bankruptcy. Now comes a report claiming that this filing could happen as soon as next week. [More]

Nicholas Eckhart

Family Christian Closing All 240 Stores

After 85 years in business, Family Christian is closing for good, shutting down all 240 of its retail stores. [More]

Phillip Pessar

The Right To Zombify The Limited Sells For $26.8M

The Limited closed its retail stores and its online presence earlier this year, but don’t worry: A well-known brand never stays dead for long. Sycamore Partners, a private equity firm that owns other familiar, once-troubled retail brands like Belk, Coldwater Creek, Hot Topic, Jones New York, Talbots, and Torrid, purchased the brand’s intellectual property and online presence. [More]