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In November, the U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement in which substantially all of J.C. Penney’s retail and operating assets would be acquired ...
The long struggling department store JCPenney filed for bankruptcy on Friday, becoming the third major retailer following J.Crew and Neiman Marcus to restructure its debt as the coronavirus ...
More store closings have been announced for JCPenney, including a Mississippi and Texas store. The department store chain has closed 174 stores. JCPenney closing more stores after bankruptcy.
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
2,500 – all stores in North America and Puerto Rico (2019) Filed February 2019 Emerged January 2020 (second bankruptcy) 700 (Latin and Central America, Caribbean, Southeast Asia, Middle East and India) [55] [56] Pier 1: 2020 Remaining 942 stores Filed February 2020 None [57] Neiman Marcus: 2020 6 Filed May 2020 37 [57] [58] [59] Tuesday ...
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [12] closing the remaining 54 stores [13] with plans to auction its intellectual property. [14] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [15] The shoe chain emerged from bankruptcy two years later. [16]
Senior Partner at law firm Kirkland & Ellis LLP Jonathan Henes joins Yahoo Finance’s Zack Guzman to break down the current outlook for bankruptcies amid the COVID-19 pandemic.
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