bankruptcy

Matthew Hunt

RadioShack Closed All But 70 Stores This Weekend

Unless you happened to walk or drive past a RadioShack this weekend, you may not have realized that Memorial Day weekend 2017 marked the end of almost all of the chain’s stores. It once had more than 7,300 locations, and now it’s down to 70 corporate stores and a few hundred franchisees. [More]

WCPO

hhgregg Stores Are Down To Mangled Stoves And Fixtures

We are in the final days of hhgregg, the bankrupt appliance, electronics, and furniture retailer, conjuring that mixture of sadness and aggressive bargain-hunting that happens at the end of any retail operation. What’s left in the stores? If the one in Cincinnati is any indication, there’s nothing left but appliances that are dented or even mangled. [More]

JeepersMedia

Here Are The 408 Stores Payless ShoeSource Wants To Close Next

Payless ShoeSource, the world’s most reliable source for glitter-covered ballet flats for under $10, filed for Chapter 11 bankruptcy protection in April, and immediately began the closing process for 400 stores, around 10% of its footprint. Now the chain has asked the bankruptcy court for permission to close an additional 408 stores — and we have the list. [More]

Denise Krebs

Soy Butter Company Behind 12-State E. Coli Outbreak Goes Bankrupt

SoyNut Butter Co., the company behind contaminated soy butter that made at least 32 people sick with E. coli and triggered a nationwide recall has filed for Chapter 7 bankruptcy, meaning it has no intention of sticking around. [More]

Nicholas Eckhart

New Owner Of Gander Mountain Releases Updated List Of 63 Stores Staying Open

Outdoors and hunting store Gander Mountain found a new owner after filing for bankruptcy in March, and what remains of the brand will become part of the Camping World chain of RV dealerships and camping supply stores. It’s a messy, painful process and the list of which Gander Mountain locations will remain open continues to change, based on the latest list released by the company’s new owners. [More]

Phillip Pessar

Report: Gymboree Could Close 350 Stores, Bankruptcy May Come Next Week

Kids’ clothing chain Gymboree isn’t failing, exactly, but it’s doing business under a massive debt load. Now “people familiar with the matter” say that the chain is planning to close up to 350 of its 1,300 stores, and that its bankruptcy filing could come as soon as next week. [More]

SA_Steve

Report: Owner Of Joe’s Crab Shack Prepping For Bankruptcy

Sure, the first part of the year has been littered with a number of retail bankruptcies, but it wasn’t long ago that several restaurant chains were dealing with similar financial issues. Now, it appears we’re revisiting that trend: A year after its failed no-tipping policy experiment at Joe’s Crab Shack, Ignite Restaurant Group is reportedly prepping for bankruptcy. [More]

jakerome

The Retailer I Work For Just Went Bankrupt. What Are My Rights?

The outlook is really, really bad for retailers this year. As many large stores filed for bankruptcy in the first quarter of 2017 alone as in all of 2016, and analysts are concerned that we could see a record number of chains shutter this year. And while it’s bad for consumers to lose a place to shop, it’s worse for workers, who are out of a job — but maybe not entirely out of luck. [More]

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]