Tag Archives: Bankruptcy

Many retailers faced a challenging year in 2025, with an unstable economy, tariff fluctuations and other industry difficulties. While some retailers have stood their ground throughout the year, many have been forced to close their doors. Here are the major …

With its purchase of True Value final, Do it Best presented Town Hall meetings with Do it Best CEO Dan Starr and recently appointed president of True Value Dent Johnson to keep Do it Best members and True Value retailers …

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 …