bankruptcy

Does The Merchant And Consumers’ Disconnect On The Pandemic’s Length Signal Trouble?
Does The Merchant And Consumers’ Disconnect On The Pandemic’s Length Signal Trouble?
September 21, 2020  |  Economy

By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according...

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J.Crew Group Leaves Chapter 11 Bankruptcy Following Restructuring
J.Crew Group Leaves Chapter 11 Bankruptcy Following Restructuring
September 11, 2020  |  Retail

J.Crew Group has finished its financial reorganization and emerged from Chapter 11 set for expansion over the long haul, according to a statement from the company....

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Century 21 Stores Files For Chapter 11 Bankruptcy
Century 21 Stores Files For Chapter 11 Bankruptcy
September 10, 2020  |  Retail

Off-price retailer Century 21 Stores announced on Thursday (Sept. 10) that it voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for...

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Mall Owners Set Up $800M Deal To Save JCPenney
Mall Owners Set Up $800M Deal To Save JCPenney
September 09, 2020  |  Retail

U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported. The deal could be...

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New York & Co. Parent RTW Retailwinds Auctioned For $40M
New York & Co. Parent RTW Retailwinds Auctioned For $40M
August 31, 2020  |  Retail

Seven weeks after the corporate parent of New York & Co. filed for bankruptcy, the company is set to be sold, according to a press...

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Nordstrom, JCPenney See Continued Revenue Struggles
Nordstrom, JCPenney See Continued Revenue Struggles
August 26, 2020  |  Retail

The department store sector is in the middle of another tough week, as Nordstrom filed disappointing earnings on Tuesday (Aug. 25) and JCPenney investors look...

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Experts: Restaurant Industry Could See Another Round Of Bankruptcies
Experts: Restaurant Industry Could See Another Round Of Bankruptcies
August 25, 2020  |  Economy

As the approaching colder months are set to make outdoor dining less feasible, and government money dries up, experts are predicting another cycle of restaurant...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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Bankruptcy-Bound Firms Grant Hefty Exec Bonuses
Bankruptcy-Bound Firms Grant Hefty Exec Bonuses
August 20, 2020  |  Business

Before declaring bankruptcies, several big U.S. companies are awarding large bonuses to their top executives, according to a Financial Times report. The practice is a common...

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