Eddie Bauer’s bankruptcy means stores are closing nationwide, including Destiny USA in Syracuse. With recent closures like Francesca’s and GameStop, the mall faces another hit.
Saks Global—the company behind Saks Fifth Avenue and Neiman Marcus—has filed for bankruptcy. Debt and falling sales forced the luxury giant to restructure while keeping stores open.
At Home has entered a restructuring agreement with its lenders, aiming to cut $2 billion in debt and raise $200 million in fresh capital. The company filed for Chapter 11 bankruptcy and announced the closing of 26 stores, 2 in New York.
Rite Aid has announced 68 additional store closures as part of its ongoing bankruptcy proceedings. Among the latest locations to shut their doors are two more stores in New York.
Tens of thousands of hardworking Americans will soon be out of a job after America's 4th largest drugstore chain plans to sell all its assets after filing for bankruptcy for a second time.
An iconic retailer that was the go-to destination for trendy clothing is officially on death's door, which will lead to thousands of job losses nationwide.
Joann Fabrics, the go-to destination for sewing, quilting, and crafting supplies, has announced a massive wave of store closures that will impact 500 locations across the United States.
A well-known fashion brand that’s all about trendy styles at wallet-friendly prices is in a bit of a bind. With competition from online powerhouses heating up, they’re now trying to figure out their next move. Could bankruptcy be on the table again?