chapter 11

Phillip Pessar

Gymboree Files For Bankruptcy, To Close Hundreds Of Stores

Retail-watchers have predicted the impending bankruptcy of children’s clothing store Gymboree, and the filing has finally arrived. The chain, which has 1,281 stores between its Gymboree, Gymboree Outlet, Janie and Jack, and Crazy 8 chains, said in a bankruptcy court filing that it plans to close as many as 450 of its stores, but stay in business while cutting its substantial debt. [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]

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]

Consumerist

Should RadioShack Executives Get $1.4 Million In Bonuses? No, Say Creditors

When a company has filed for bankruptcy and is closing stores, should the leaders who helped it to get there be rewarded with bonuses? That question has come up in the proceedings for RadioShack’s second bankruptcy in just over two years, and the company’s creditors and court-appointed trustee have responded with a resounding “nope.” [More]

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]

Consumerist

Here Are The 365 Stores RadioShack Wants To Close Next

RadioShack recently filed for Chapter 11 bankruptcy protection for the second time in just over two years, and the electronics chain has announced plans to close somewhere between 530 and all of its stores, making final decisions in the coming weeks. What we do know is that the company has begun another round of store closings, and a likely list of stores slated to close was filed in the Shack’s bankruptcy case. [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]

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]

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

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]

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

Aeropostale Accuses Lender Of Purposely Squeezing It Into Bankruptcy

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]