Bankruptcy
Sports Direct Buys Bankrupt Eastern Outfitters With $30 Million Credit Bid
The English sports retailer scooped up Eastern's assets for little more than an assumption of debt.
Rue 21 Closing Hundreds of Stores Amid Lender Talks
The teen retailer is the latest in a long line of industry players trying to cut costs by shrinking store…
Agent Provocateur Hits Bankruptcy in U.S.
Weeks after the lingerie brand's parent company was bought out of administration, its U.S. arm is looking to…
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Great American Group and Tiger Capital to Assist in Payless Store Closures
Payless ShoeSource begins its arduous post-bankruptcy road by enlisting the help of Great American Group and…
Payless Brings On Liquidators to Begin Store Closing Sales
The struggling retailer will be liquidating nearly 400 stores over the coming weeks as part of its ongoing…
Rue21 Gets Brief Reprieve From Creditors as Debt Pressure Mounts
The teen retailer struck a deal with lenders, but it could be only weeks away from bankruptcy.
More Retailers Could Default on Debt Over Next Year
Fitch Ratings expects its retail default rate to hit 9 percent within a year.
Payless Files for Bankruptcy, Closes 400 Stores
Payless ShoeSource is the latest victim of the deluge of retail bankruptcies. The affordable footwear…
Stage Stores Makes Winning Bid for Half of Gordmans’ Locations
The specialty department store operator intends to keep a number of Gordmans stores open.
Don’t Write That Mall Obit Yet
The litany of recent store closures reads like a who's who of once beloved retailers. Whether to bankruptcy…
Two Suitors Emerge for Gordmans
Two potential bidders have emerged for the midwestern department store chain, which recently filed for…
Report: Payless to File for Bankruptcy
Payless prepares to file for bankruptcy as early as next week, according to a Bloomberg report on…
Gordmans’ Ex-CEO, Stage Stores Might Bid on Bankrupt Retailer’s Assets
The retailer's former longtime chief executive officer is looking to buy, but said current bidding procedures…
Trump Eyes Defense Spending Boost Through Cuts to Other Agencies
By cutting $54 billion from the collective budgets of government agencies dealing with trade, the economy and…
Gordmans Files for Bankruptcy
Gordmans is the latest victim of the U.S. department store demise.