bankruptcy Archives - Multichannel Merchant

Pier 1 Imports Looking to Close Up to 45 Stores in 2020

April 25, 2019 | Daniela Forte

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.

Charlotte Russe to Liquidate and Closes All Stores

March 7, 2019 | Daniela Forte

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.

Gymboree Sells Brand to The Children’s Place and Gap

March 5, 2019 | Daniela Forte

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.

Payless ShoeSource Could See Its Second Bankruptcy in Two Years

February 14, 2019 | Daniela Forte

Payless ShoeSource is looking for buyers of its real estate as part of an expected bankruptcy filing, the second in two years, including a large block of stores in certain areas of the country.

Sears Lives to See Another Day

February 12, 2019 | Daniela Forte

A U.S. Bankruptcy Court judge approved the sale of Sears to former chairman and CEO Eddie Lampert late last week, according to Bloomberg, accepting his $5.2 billion bid for the assets and keeping the company alive.

Gymboree to File for Bankruptcy, Close Stores

January 17, 2019 | Daniela Forte

Gymboree could file for bankruptcy protection as early as this week, according to CNBC, the company’s second filing in less than two years. The company is also is also looking to sell its Janie & Jack brand, which has 139 stores, and close hundreds of other locations.

Parent of Mattress Warehouse, Sleep Outfitters Files for Bankruptcy Protection

January 14, 2019 | Daniela Forte

Innovative Mattress Solutions, parent of Mattress Warehouse, Sleep Outfitters and Mattress King brands, has joined the long line of retailers filing for Chapter 11 bankruptcy protection, The Wall Street Journal reported. The company’s 142 stores under the three brands remain open but its retail footprint is being reviewed, the CEO said.

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