Essential retailer closes more stores in Chapter 11 bankruptcy

Essential retailer closes more stores in Chapter 11 bankruptcy

According to The Street , When a company files for Chapter 11 bankruptcy, it places itself under the oversight of the court, its creditors, and its lenders. While some companies enter these proceedings with a clear strategy, things can quickly spiral out of control if any of these parties object to the plan. This is…

Another key healthcare chain files Chapter 11 bankruptcy

Another key healthcare chain files Chapter 11 bankruptcy

According to The Street , Many retailers that have gone out of business can trace their struggles back to poor management decisions. Companies like Toys R Us and Bed Bath & Beyond took on excessive debt, which ultimately left them unable to invest in successful strategies for long-term sustainability. While it’s easy to blame the…

Another distressed trucking company files Chapter 11 bankruptcy

Another distressed trucking company files Chapter 11 bankruptcy

According to The Street , The trucking industry is facing growing financial distress, with increasing numbers of logistics companies filing for bankruptcy. This follows a tumultuous period for the sector, which has been grappling with economic challenges post-Covid. The Covid pandemic caused significant upheaval in the trucking industry, with around 88,000 trucking job layoffs and…

Big retail brand makes a post-bankruptcy comeback

Big retail brand makes a post-bankruptcy comeback

According to The Street , The concept of going out of business and being liquidated has evolved significantly in recent years. Today, a brand’s legacy often doesn’t end with liquidation—it can be revived and rebranded, sometimes creating what are known as “zombie brands” that continue to capitalize on the popularity of their original names. For…

Another craft beer, restaurant chain files Chapter 11 bankruptcy

Another craft beer, restaurant chain files Chapter 11 bankruptcy

According to The Street , Craft-beer-themed restaurants, such as BJ’s and Yard House, have found success by pairing craft beers with a variety of food options, catering to a growing demand for both quality brews and diverse dining experiences. BJ’s, which started in 1978 as a Chicago deep-dish pizza joint in Southern California, has evolved…

Popular Italian restaurant chain files for Chapter 11 bankruptcy

Popular Italian restaurant chain files for Chapter 11 bankruptcy

According to The Street ,The fast-casual restaurant sector has faced significant challenges in the years following the Covid-19 pandemic, which led to widespread closures and financial strain across the industry. While many restaurants adapted by shifting to delivery, takeout, and drive-thru models, the financial losses caused by the pandemic’s impact on in-dining experiences led several…

Disney+ and Hulu subscriptions are getting more expensive

Disney+ and Hulu subscriptions are getting more expensive

According to The Street , Wall Street is experiencing a recovery, bolstered by a fresh round of corporate earnings reports. E-commerce giant Shopify exceeded expectations, posting a 21% rise in second-quarter revenue. Lyft also surpassed sales forecasts and achieved a historic milestone by posting a net profit for the first time in its history. In…

Top beauty brands face lawsuits over hair product concerns

Top beauty brands face lawsuits over hair product concerns

According to The Street , What started as a beauty trend has now become a dangerous and potentially deadly issue for some consumers. Hair relaxers, which have been used for decades to straighten curly hair, are at the center of thousands of lawsuits filed by Black women against the makers of these products. The cases,…

BIG UPDATE: Costco makes major change to stop membership sharing

BIG UPDATE: Costco makes major change to stop membership sharing

According to The Street , Costco customers are familiar with the routine: showing a membership card to enter the store and presenting it again at the self-checkout line, where staffers also verify the cardholder’s photo. But soon, Costco will introduce a new system requiring customers to scan their membership cards upon entering its stores. The…

BIG NEWS: Another Popular Furniture Chain Files For Chapter 11 Bankruptcy

BIG NEWS: Another Popular Furniture Chain Files For Chapter 11 Bankruptcy

According to The Street , Furniture retail chains have faced significant financial challenges over the past two years due to a combination of factors, including high inflation, rising interest rates, and shifting consumer behavior. These difficulties have led several companies in the industry to seek bankruptcy protection, with some opting for Chapter 11 or Chapter…