The writing has been on the wall for some time at chain store Toys R Us, so it should come as little surprise that the company announced today that it would be closing and/or selling all of its 800 remaining stores across the U.S. The company filed for bankruptcy last September with over five billion in […]
The writing has been on the wall for some time at chain store Toys R Us, so it should come as little surprise that the company announced today that it would be closing and/or selling all of its 800 remaining stores across the U.S. The company filed for bankruptcy last September with over five billion in […]
The steady stream of large retail closures and bankruptcy filings in 2017 has slowed down over the summer months, but news this week from New Jersey-based Toys “R” Us has brought this year’s chain retail woes back into the spotlight. The company announced on Monday that it would be “commencing court-supervised processes to implement financial […]
Consumer trends are changing in the world of traditional retail shopping. Those words couldn’t have rang truer in 2017, a year that saw a massive wave of bankruptcy filings and store closures across major brands, despite a growing US economy. Some of the spokespeople for the struggling stores are blaming Amazon for ravaging brick and […]
Last September, national toy store chain Toys “R” Us filed for bankruptcy to restructure their five billion dollars worth of debt. The company stated that their 1,600 brick and mortar stores were “mostly profitable” at that point in time and did not announce any location closures. That changes today as the company has now announced […]
Columbus-based apparel company L Brands announced yesterday that it would be shuttering its Henri Bendel line of stores, and ending online sales as well. Customers are able to say their goodbyes through the holiday shopping season though, as the closure won’t take place until January. “We are committed to improving performance in the business and […]
After years of financial struggles, Sears Holding Corp — the parent owner of Sears and Kmart — has officially filed for bankruptcy. The company missed a deadline to pay a $134 million debt payment, and is moving forward with the Chapter 11 process. Stores have been closing regularly every month, with several shuttering in central […]
For the second time in two years, Gymboree is filing for bankruptcy. The first filing in 2017 shuttered 350 stores as the company looked to right-size its operations, but this week’s news comes with a much heavier toll as all 800+ Gymboree locations are expected to shutter. The company cited a decline in the brick-and-mortar […]
If you were waiting for the other shoe to drop over at Payless, that time has come. After struggling with finances for several years, the company will officially be filing for Chapter 11 bankruptcy later this month, and shuttering all of its stores, according to reports from Reuters. The bankruptcy filing is the second for […]
The past week has been a rough one for national chain retailers. Multiple companies announced store closure plans following reports of poor financial performance. Those announcements include: GAP announced that it would split off Old Navy and close 230 GAP stores over the next two years. Tesla announced that all sales will be moving online […]
