Although the news of the Toys ‘R’ Us bankruptcy may have thrown some shoppers into a pre-holidays panic at first, the company will be keeping its stores open and its shelves stocked with toys. Not only because it wants to cash in during its biggest season, but because its suppliers need it to stick around. [More]
chapter 11
Toys ‘R’ Us Files For Bankruptcy But Plans To Keep Stores Open For Holiday Shopping
By 9.19.17
Well, that was quick: Soon after the rumor mill lit up with the news that Toys ‘R’ Us could be preparing to file for bankruptcy, the debt-strapped toy chain has gone ahead and done exactly that. [More]
Gymboree Files For Bankruptcy, To Close Hundreds Of Stores
By 6.12.17
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]
Here Are The 408 Stores Payless ShoeSource Wants To Close Next
By 5.25.17 — Updated: 6.14.17
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]
Report: Gymboree Could Close 350 Stores, Bankruptcy May Come Next Week
By 5.5.17
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]
Should RadioShack Executives Get $1.4 Million In Bonuses? No, Say Creditors
By 4.20.17 — Updated: 5.9.17
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]
RadioShack Warns State It May Lay Off All Headquarters Employees
By 3.27.17
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]
Here Are The 365 Stores RadioShack Wants To Close Next
By 3.16.17 — Updated: 5.9.17
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]
RadioShack Goes Bankrupt For Second Time In Two Years; Sprint Will Take Over Some Stores
By 3.8.17
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]
hhgregg Files For Bankruptcy, Already Has A Buyer Lined Up
By 3.7.17
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]
Midwestern Sporting Goods Chain MC Sports Files For Bankrutpcy, Starts Liquidation Sales
By 2.16.17
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]
Bankrupt Big Apple Circus Will Stay Alive Under New Ownership
By 2.14.17
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]
Owner Of Eastern Mountain Sports And Bob’s Stores Files For Bankruptcy Again
By 2.6.17
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]
Wet Seal Files For Second Bankruptcy Since 2015
By 2.2.17
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)
By 1.19.17
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]
DirectBuy Files For Bankruptcy, Lenders Will Take Over Company
By 11.3.16
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]
Fast-Casual Chain Cosi Declares Bankruptcy, Shutters 29 Locations
By 9.29.16
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]
Aeropostale Accuses Lender Of Purposely Squeezing It Into Bankruptcy
By 5.4.16
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]
