bankruptcy

Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
Forever 21 Files For Bankruptcy; Plans To Exit Asia, Europe
September 30, 2019  |  Retail

Fast-fashion chain Forever 21 has filed for Chapter 11 bankruptcy protection. The company said it will close a large number of physical stores worldwide, CNBC...

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Retail Bankruptcies, Closures Faster This Year Than Last
Retail Bankruptcies, Closures Faster This Year Than Last
September 12, 2019  |  Retail

Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018. And additional retail bankruptcy filings are...

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Discount Retailer Fred’s To Shutter Stores
Discount Retailer Fred’s To Shutter Stores
September 10, 2019  |  Retail

After closing hundreds of stores that were not profitable, Fred’s is filing for Chapter 11 bankruptcy protection and shuttering all of its locations. Liquidation sales...

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Study Finds Trucking Company Bankruptcies Increased In 1H 2019
Study Finds Trucking Company Bankruptcies Increased In 1H 2019
September 04, 2019  |  Delivery

To quote the Grateful Dead and their song “Truckin’” — an apt choice for this topic — “What a long strange trip it’s been.” While...

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In Brick-and-Mortar Retail, Nothing Lasts Forever (21)
In Brick-and-Mortar Retail, Nothing Lasts Forever (21)
August 30, 2019  |  Sizzle/Fizzle

In retail – the brick-and-mortar kind – only impermanence is permanent. The body count mounts in terms of physical stores becoming ghost towns, where storefronts...

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Forever 21 Considers Bankruptcy As Mall Sales Decline
Forever 21 Considers Bankruptcy As Mall Sales Decline
August 28, 2019  |  Retail

One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it...

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Small Business Bankruptcy Bill Becomes Law
Small Business Bankruptcy Bill Becomes Law
August 28, 2019  |  B2B Payments

U.S. President Donald Trump has signed into law legislation that streamlines the bankruptcy process for small businesses and farmers. According to reports in Lexology this...

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Subscription Box Company Loot Crate Files For Chapter 11
Subscription Box Company Loot Crate Files For Chapter 11
August 12, 2019  |  Retail

The Los Angeles-based Loot Crate, a subscription box startup offering “geek and gamer products,” filed for Chapter 11 bankruptcy due to cash flow problems, Bloomberg...

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Barneys New York Seeks Bankruptcy Protection
Barneys New York Seeks Bankruptcy Protection
August 06, 2019  |  Retail

Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection,...

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