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 | Apr 29, 2024 | Retail Articles
Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
by Mike Duff | Oct 16, 2023 | Featured News, Retail Articles
After weeks of speculation about its go-forward strategy, Rite Aid Corp. has announced that it has filed for Chapter 11 bankruptcy protection to accelerate its ongoing business transformation. This comes amid pressure exerted by lower COVID-19-related sales and opioid...
