Tag Archives: Bankruptcy

Once a giant among big-box retailers, Bed Bath & Beyond filed for bankruptcy this week and is starting the process of closing its 360 locations, as well as 120 BuyBuy Baby stores.  According to NPR, the company missed the mark …

After declaring bankruptcy in February, home decor retailer Pier 1 Imports is set to begin “an orderly wind-down” of operations. “This decision follows months of working to identify a buyer who would continue to operate our business going forward,” says …

After filing for bankruptcy, J.C. Penney has announced plans to close more than 240 stores within the next two years, reducing its brick-and-mortar presence by nearly 30 percent, reports CBS News. The retailer currently operates 846 stores but plans to …

Sears Holdings Corp., the estate of the former retail titan Sears, has agreed to settle a lawsuit over the $5.2 billion sale of its Sears and Kmart chains to former chairman and CEO Edward Lampert for more than $18 million, …

Transform Holdco, the owner of Sears and Kmart locations, has announced plans to shutter nearly one-third of its remaining locations, according to a report from The Washington Post. In all, 96 locations will close, leaving the once-venerable retail chain with …

Many small business owners struggle to identify financial pitfalls or get help before problems become disastrous for their retail operations. Attorney R. Scott Williams from Rumberger, Kirk & Caldwell took questions on issues that signal danger and what to do …

As Sears emerges from bankruptcy, the company is launching a new advertising campaign and investing in small-format stores to win back customers, according to the Chicago Tribune. In February, Sears emerged from bankruptcy after a judge approved the sale of …

Stanley Black & Decker has filed a lawsuit to prevent Sears from calling itself the “real home” of the Craftsman brand, according to the Chicago Tribune. Stanley Black & Decker purchased the brand from Sears in 2017 in a deal …