Bed Bath & Beyond as expected posted a tough third-quarter report, with net sales and same-store sales down a third from last year and a net loss of $393 million as it considers a range of options up to and including a Chapter 11 bankruptcy filing. CEO Sue Gove said the company is listening to customers, but it may be too little, too late.
Destination Maternity announced it is closing more than a third of its stores and filing for Chapter 11 bankruptcy, adding to a long line of struggling retailers. Here is what is included in the filing.
So-called “geek gear” subscription box seller Loot Crate, an early leader in the now red-hot category, has filed for Chapter 11 bankruptcy protection as cash runs low, according to various media reports. The company has a white knight buyer in the wings, a major collectible manufacturer and distributor that took on its debt.
In the wake of Bed Bath & Beyond’s announcement of its 40 store closures, Pier 1 Imports joins the long list of retailers shutting brick-and-mortar locations. See how many stores Pier 1 Imports has closed already in fiscal 2019.
Mall-based women’s apparel retailer Charlotte Russe has been added to the ongoing list of troubled companies in the sector, announcing its plans to liquidate and close all of its stores within the next two months. In February, it announced it would file for Chapter 11 bankruptcy protection and close approximately 94 stores.
The Gymboree Group Inc. is selling its brand to its rival The Children’s Place and its Janie and Jack clothing line to Gap Inc. Here are the details of both the transactions and what it will mean for the companies involved.
As the Oct. 15 date looms for a $134 million debt payment, Sears could file for bankruptcy, according to several media reports. Here is a look back at what Sears has done recently did in attempting to save its brand from bankruptcy.
Brookstone is filing for Chapter 11 bankruptcy protection and announced it would be closing 101 mall locations, claiming declining mall traffic as the culprit. Here is what CEO Piau Phang Foo had to say about the decision and the continuing operation of the business in other channels.
Toys “R” Us Inc., reported a not so stellar third quarter. Net sales were $2.018 million, a decrease of $89 million compared to 2016. Here is what the CEO Davide Brandon had to say about the third quarter and what the company plans as it moves ahead.
Rue 21 announced it is filing for Chapter 11 Bankruptcy in an effort to fully transform the business. See what this transformation includes and what it will mean for the retailer in the future.