bankruptcy

No New Bankruptcy Filings, But Darkness Intensifies For Department Stores
No New Bankruptcy Filings, But Darkness Intensifies For Department Stores
April 22, 2020  |  Retail

The retail bankruptcy watch turned to some Wednesday morning quarterbacking this week, as industry experts and observers took turns assessing the current and potential damage...

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Lord & Taylor Joins Retail Bankruptcy Watch
Lord & Taylor Joins Retail Bankruptcy Watch
April 21, 2020  |  Retail

The retail bankruptcy watch intensified Tuesday (April 21) as the department store sector was hit by reports of yet another major player looking at that...

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Neiman Marcus Reportedly Working On Bankruptcy Plan
Neiman Marcus Reportedly Working On Bankruptcy Plan
April 19, 2020  |  Retail

The coronavirus has pushed Neiman Marcus to the point of bankruptcy, the first major store in the U.S. to topple due to the pandemic, according...

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24 Hour Fitness May File For Bankruptcy Amid Pandemic
24 Hour Fitness May File For Bankruptcy Amid Pandemic
April 19, 2020  |  Economy

Fitness chain 24 Hour Fitness is looking at a possible bankruptcy due to the coronavirus, as well as mounting debt concerns and the fact that...

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy
Jeans Maker True Religion Files For Chapter 11 Bankruptcy
April 14, 2020  |  Retail

Premium jeans brand True Religion has filed for bankruptcy for the second time in three years, according to court filings. The court filing took place...

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Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
April 03, 2020  |  Retail

With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store...

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Coronavirus Closures Affect 630K Retail Businesses
Coronavirus Closures Affect 630K Retail Businesses
March 31, 2020  |  Retail

The retail closures related to the coronavirus have been a death knell for an already struggling retail industry, and many companies might not make it...

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Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
Satellite Internet Startup OneWeb Closes After SoftBank Fund Raise Fails
March 29, 2020  |  Startups

OneWeb, which wanted to make internet access worldwide and widespread, has filed for bankruptcy and let most of its employees go after it couldn’t get...

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Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy
Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy
March 15, 2020  |  Retail

A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have...

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