bankruptcy

Bed, Bath & Beyond could soon be a thing of the past. The company, along with buybuy BABY, has filed for bankruptcy.

The company announced in a press release that they sold "substantially all of its assets" to Amici Partners Group, LLC as part of their Chapter 11 filing.

After closing over 100 stores for months this year because of the coronavirus pandemic, IT'Sugar simply couldn't cover its losses when stores reopened.

Lord + Taylor filed for Chapter 11 bankruptcy on Sunday and many New York stores began putting up signs on their doors, announcing closing sales.

The rumors about Remington Arms filing for bankruptcy again are true. On Monday, America's oldest gunmaker filed a Chapter 11 petition in U.S. Bankruptcy Court in Alabama for the second time since 2018.

The discounts range from 25 to 40% off original prices across many types of merchandise in all sections of the store.

It seems every few days a retail store is either filing for bankruptcy or going out of business for good. Another store has just announced that it will be closing hundreds of its stores because of the decline in sales due to the coronavirus pandemic.

The company opened a plant in Wallkill, New York during the Civil War and was also home to Elsie the Cow, who became the company's advertising mascot in 1936.

The retail landscape has been pretty bleak recently, and now some new announcements are indicating that more closures could be on the way.

The decision was made to “preserve the existing stores, 350 employees and continue providing great products at reasonable prices to the Central New York community,” according to their press release.

Tops Markets owners are preparing to file for bankruptcy according to recent reports.