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.
After months of speculation, apparel retailer Forever 21 announced it is filing for Chapter 11 bankruptcy protection. The company had been exploring restructuring options to avoid liquidation as its business struggles continue.
Delicious champagne-flavored gummy bears couldn’t save Sugarfina from filing for Chapter 11 bankruptcy protection. As sweet as it is, the company fell victim to the decidedly more sour challenges of the current retail climate as it expanded from online to malls.
Children everywhere can rejoice, as Toys R Us plans to make a comeback with stores in time for the holiday season. A year after shuttering operations in the U.S., Toys R Us will return with half a dozen stores and an ecommerce site. Here is a look at the plans the the recently-defunct-and-now-back toy company has for the holidays.
Hedge fund owner and former Sears chairman Edward Lampert has struck a $21 million deal to bring the Sears Hometown stores under the same company as Sears and Kmart.
The seemingly weekly drumbeat of retailers either closing stores or filing for bankruptcy is evidence of the ongoing seismic shift in customer demands and expectations, and the failure of many to pivot fast enough to meet them. Here is how retailers should navigate through the changing tides of the industry.
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.
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.
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.