by Mike Duff | Aug 29, 2024 | Retail Articles
Speculation is swirling around Big Lots after Bloomberg reported that the company might seek bankruptcy protection. Bloomberg added that, as a bankruptcy alternative, Big Lots is simultaneously seeking new investors, citing a source familiar with the search. Bloomberg...
by Mike Duff | Jul 29, 2024 | Retail Articles
Troubled electronics and home goods retailer Conn’s has commenced going-out-of-business sales after it filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas. When it filed for Chapter 11, Conn’s put through...
by Mike Duff | Jul 24, 2024 | Retail Articles
Conn’s HomePlus has filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of Texas after revealing a store closing plan for 70 locations. However, if it is to emerge, a buyer may need to step forward. The Conn’s...
by Peter Giannetti | Jul 3, 2024 | Featured News, Retail Articles
Rite Aid Corp. is closer to emerging from bankruptcy after a U.S. bankruptcy judge approved its restructuring plan, according to published reports. Rite Aid would cut debt by some $2 billion, and the company would be controlled by major creditors under the...
by Mike Duff | Jun 10, 2024 | Retail Articles
After declaring bankruptcy and making arrangements to go private, craft specialist Joann has appointed Michael Prendergast acting CEO and introduced a new board of directors. Prendergast, a managing director in Alvarez & Marsal’s Consumer and Retail Group, has...
