Charlotte Russe to Liquidate and Closes All Stores

| 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.

Can Toys R Us Make Another Comeback?

| Daniela Forte

Several former Toys R Us executives are planning to launch a new company called Tru Kids as comeback for the toy retailer that filed for bankruptcy in late 2017. Some of its lenders had taken control of its brand names and other intellectual property and Tru Kids now manages those brands.

Sears Lives to See Another Day

| 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.

Lampert Succeeds in Sears Chapter 11 Bankruptcy Auction

| Daniela Forte

Sears Chairman Eddie Lampert succeeded with his bid in the bankruptcy auction, USA Today reported. If the judge signs off, this deal could prevent Sears from liquidating the rest of its stores. Here’s the latest in his last-ditch effort to save the struggling, iconic retailer.

[type='submit']
[type='submit']