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 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.
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 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.
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.