Search results
Results from the WOW.Com Content Network
The company's bankruptcy announcement was part of a trend of retail closures in 2016–2017 known as the retail apocalypse. [17] [18] Payless emerged from bankruptcy court protection in August 2017. The company was the first among a group of retailers going through bankruptcy since 2016 to successfully complete the process of restructuring. [15]
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
Another one bites the dust! The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities.
On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain Olympia Sports – the company was founded in 1975, and on July 22, 2022, the company filed for bankruptcy and announced it would close all 35 stores by September ...
The New Jersey-based company faced inflationary pressures on product costs, which reduced consumer spending, according to CEO Barry Litwin, as well as $800 million in outstanding debt. Red Lobster
Having a Costco membership gives you access to all sorts of tantalizing deals, from the low-priced gas to the ever-affordable $4.99 rotisserie chicken. But shoppers have recently begun noticing ...
It was Payless' second bankruptcy in two years — but the company is still operating online and overseas. Its website launched in August 2020, and there are still 700 stores elsewhere, many of ...
Eighteen months after bankruptcy, Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring. Shoe retailer Payless to explore options ...