UpNorthLive.com

Midwestern Sporting Goods Chain MC Sports Files For Bankrutpcy, Starts Liquidation Sales

In March of last year, sporting goods mega-retailer Sports Authority filed for bankruptcy, apparently kicking off a fad in the industry as smaller chains like Golfsmith and Vestis Retail (twice) filed for bankruptcy protection, and outdoors superstore Gander Mountain is rumored to be considering it. Now a venerable regional chain is joining them: The Midwest’s MC Sports filed for bankruptcy, but is still looking for a buyer. [More]

saeru

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]

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]

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]

Yelp Inc.

DirectBuy Files For Bankruptcy, Lenders Will Take Over Company

You may remember DirectBuy, a store selling furniture and other items to spiff up your home that promises deep discounts to people who sign up for a pricey membership. This business model is apparently not working out for them, since the company filed for Chapter 11 bankruptcy protection this week. [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]

JeepersMedia

Soon after former mall staple Aeropostale filed for bankruptcy on Wednesday, it turned around and threw darts at one of its lenders, which it accused of working behind the scenes to force the company’s hand. [More]

jpellgen

Aeropostale Finally Files For Bankruptcy As Predicted, Will Close 113 U.S. Stores

Aeropostale Bankruptcy Watch is officially over, because, well, the teen apparel chain went ahead and did what everyone has been predicting for the last few weeks and filed for Chapter 11 bankruptcy protection. [More]

JeepersMedia

PacSun Files For Chapter 11 With Restructuring Plan That Will Keep Stores Open

As we suspected earlier this week, ’90s mall staple Pacific Sunwear — known as PacSun to all the cool kids — has announced it’ll be filing for Chapter 11. Don’t start your teary farewell speech just yet — the company has a restructuring plan already in place to avoid liquidating its inventory, and will keep stores running throughout the process. [More]

JeepersMedia

PacSun Reportedly Preparing To File For Bankruptcy

The bankruptcy rumor mill has been turning yet again, with a new report in the wind that says Pacific Sunwear — commonly known as PacSun — is preparing a Chapter 11 filing. [More]

Judge Picks American Apparel’s Bankruptcy Plan Over Founder Dov Charney’s Buyout Bid

Judge Picks American Apparel’s Bankruptcy Plan Over Founder Dov Charney’s Buyout Bid

Dov Charney’s dream of buying back the company he founded would appear to be over: a U.S. judge said he will approve American Apparel’s plant to exit bankruptcy and rejected a takeover bid from the former CEO and his financial backers. [More]

(Ed and Eddie)

Columbia House Improbably Still Exists, Files For Bankruptcy Protection

You might have the same reaction that we did to news that the company that owns Columbia House filed for Chapter 11 bankruptcy today: astonishment that it’s still in business at all. Our younger readers are probably just wondering what a “Columbia House” is. Yet the company still exists, and business isn’t quite where it was at the company’s peak in 1996. [More]

(Phillip Pessar)

Use Your RadioShack And Deb Gift Cards Right Now

Do you have gift cards lingering in your wallet from RadioShack or Deb? If so, put down the device you’re reading this post on and head over to the store right now to spend that card. That’s only slightly hyperbolic, but card holders will need to get to RadioShack before March 5 and to Deb before March 8 to cash in their cards before they’re worthless. [More]

(Paxton Holley)

SkyMall Files For Bankruptcy Because You’re Not Buying Enough Inflatable Movie Screens

The SkyMall catalog has always been good for a chuckle when you have absolutely nothing else to read during a flight and you just can’t sleep. Some people have presumably even bought stuff through the publication, as it’s difficult to sustain a business for 25 years if the only revenue is punchlines. But apparently not enough of us are doing our inflight shopping through SkyMall, as the company has filed for Chapter 11 bankruptcy protection. [More]

Phillip Pessar

Wet Seal Files For Chapter 11 Bankruptcy Protection, Shocking No One

We’ve heard the funereal bag pipes warming up over the last few months and now it’s time to play the official dirge: Wet Seal has filed for bankruptcy protection in an effort to keep what stores it has left open in business.

[More]

(Morton Fox)

Sbarro Planning To File For Chapter 11 Bankruptcy Protection… Again

Like my Great Uncle Aloysius always used to say — if at first you don’t succeed at restructuring your failing pizza chain under Chapter 11 bankruptcy protection, try, try again. After its first round with Chapter 11 didn’t work out so well, Sbarro is reportedly planning to file for bankruptcy again. [More]

Scoot!

Scooter Store Files For Bankruptcy After Overbilling Medicare At Least $47 Million

If you watch daytime TV or have been stuck watching daytime TV while visiting your parents, surely you’re familiar with The Scooter Store. The power wheelchair vendor has had some trouble lately, including accusations of Medicare and Medicaid fraud, a raid by the FBI, and even a lawsuit from the company’s hometown, of New Braunfels, Texas. The company laid off most of its employees, and plans to deal directly with health care providers, rather than blanketing the airwaves and selling directly to consumers.

[More]