bankruptcy Archives - Multichannel Merchant

National Stores Files Chapter 11, Plans to Close 22% Of its Stores

August 7, 2018 | Mike O'Brien

Discount retailer National Stores, which owns the Fallas, Factory 2-U, Weiner’s, Conway and Anna’s Linens brands, joined the growing list of Chapter 11 filings on Monday, the company reported, blaming a 2017 data breach, the 2014 purchase of Conway and a brutal environment.

Brookstone Files for Chapter 11 Bankruptcy

August 2, 2018 | Daniela Forte

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 Closing 200 More Stores, Prospects Growing Dim

February 23, 2018 | Mike O'Brien

Embattled toy and game chain Toys R Us plans to close another 200 stores, and its web relaunch didn’t happen on schedule, prompting many observers to cast doubts on its future viability. This is on top of a previously announced closure of 170 stores in April.

Toys “R” Us Files for Chapter 11 Bankruptcy

September 19, 2017 | Daniela Forte

Toys ‘R’ Us Inc., announced it has filed for Chapter 11 bankruptcy in an effort to restructure its outstanding debt and establish a sustainable capital structure that will enable it to invest in long-term growth.

Alfred Angelo Files for Chapter 7 Bankruptcy, Closing All Stores

July 17, 2017 | Daniela Forte

Bridal wear seller Alfred Angelo filed for Chapter 7 bankruptcy on July 14. As a result, its stores and wholesale business have closed down. Here is what the company told its customers.