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Bankruptcy

Bankruptcy
Lobster

Red Lobster in Financial Crisis: Bankruptcy Consideration Amid Growing Fears

Red Lobster faces bankruptcy to manage high debts and keep operating amid losses and investor pullout concerns.

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Assorted bottles and cans

Boisson Bids Goodbye: Non-Alcoholic Drink Chain Files for Bankruptcy, Closes All Locations

Boisson, a non-alcoholic drink chain, closes all stores and files for bankruptcy due to overly rapid expansion.

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Petition for Bankruptcy

99 Cents Only Stores Bankruptcy Filing Leads to Complete Closure of 371 U.S. Stores

99 Cents Only Stores files for bankruptcy, plans to close all 371 locations and liquidate assets.

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Uber Eats Delivery Driver

Major Uber Eats and DoorDash Competitor ASAP Declares Bankruptcy After 11 Years in Business

Uber Eats, and DoorDash rival ASAP, filed for bankruptcy after 11 years, ending operations and liquidating assets due to prolonged financial woes.

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People buying hand-made fabrics

South Burlington Community Reacts to Joann Fabrics and Crafts Bankruptcy Filing

South Burlington reacts to Joann bankruptcy: Concerns over store closure, crafting community worried. Joann files Chapter 11, aims to reorganize, assures operations to continue, despite financial woes.

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Mannequins

Forever 21's Final Days: Countdown to Closure After Bankruptcy Announcement

Forever 21, after declaring bankruptcy, is closing stores, including a key location in Roseville, CA, and others in Kansas City, amidst widespread retail shutdowns affecting Macy's and Walgreens.

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Petition for Bankruptcy

Joann Fabric and Crafts Seeks Bankruptcy Protection, Aiming to Keep 850 Stores Open Across the US

Joann files for bankruptcy to manage over $500M debt, aiming to keep 850 stores open and secure future operations.

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Cosmetic Products in a cart

Body Shop's Strategic Shift: Embracing Online Retail to Overcome Bankruptcy Challenges

Body Shop shifts to online sales via Amazon amid bankruptcy, closing 100 stores but keeping customer favorites available.

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Book shelves

Tattered Cover Bookstore Chain Announces Consideration of Closing All Locations Amid Bankruptcy Woes

Tattered Cover aims for a comeback with a reorganization plan, seeking court approval to transform and stabilize financially by June 2024.

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Rite Aid Bankruptcy Triggers Another Store Closure, NY Officials Push Back

NY fights Rite Aid closure in Buffalo, fearing pharmacy access issues after bankruptcy leads to multiple store shutdowns.

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Joann Crafts Retailer Nears Bankruptcy Filing, Lenders to Take Control

Joann Crafts may declare bankruptcy next week, aiming for a quick Chapter 11 exit with lender support, amidst a $1.1 billion debt and declining sales.

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Bed Bath & Beyond Shuts Down Nationwide, Declares Bankruptcy

Overstock buys Bed Bath & Beyond’s assets, turning it online-only amid retail shifts & closures.

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Burger Chain Burbs Burgers Says Goodbye as Bankruptcy Claims Its Grill

Burbs Burgers in Seattle closes all locations due to bankruptcy, ending an era for Huxley Wallace Collective. Owner Josh Henderson seeks help via Instagram, despite $3.7M in 2023 revenues.

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Express CEO's Swift Response to Bankruptcy Rumors Signals New Era for Struggling Retail Chain

Express CEO acts swiftly to avert bankruptcy, saving 600 stores, securing the company's future with strategic steps, and awaiting $62M from the CARES Act.

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Bed Bath & Beyond Announces Immediate Strategic Shift Following Bankruptcy Challenges and 187 Store Closures

Bed Bath & Beyond revamps leadership and strategy amid bankruptcy, appointing new CEO Chandra Holt and expanding CFO Adrianne Lee's role.

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Amazon CEO Andy Jassy Faces Backlash Over Tone-Deaf Comments Amidst New Seller Fees

Amazon mobile app

Target Enhances Family Safety with Car Seat Trade-In Event in Spring 2024

Baby looking through car window

Exclusive Sip: 7-Eleven Partners with Celebrity for New ZOA Energy Drink Flavor

7-Eleven

Cracker Barrel Confirms Permanent Shutdown of Beloved Restaurant Via Voice Message

Empty restaurant

JCPenney Unveils $500 Million Reward Scheme for Loyal Customers Nationwide

Mannequins

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1

Fosters Freeze Closes All Locations Statewide, Citing New Wage Laws as a Contributing Factor

Man holding an ice cream

2

Buffalo Wild Wings' New Strategy: CEO Confirms Shift Towards Convenient Pickup and Delivery

Saucy fried chicken on plate

3

JCPenney Unveils $500 Million Reward Scheme for Loyal Customers Nationwide

Mannequins

4

Chase Bank to Shut Down Nine Locations as Part of Ongoing Nationwide Cuts

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5

Michaels Announces Massive Price Cuts on 5,000 Items as Customers Seek Budget-Friendly Options

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