A new year is often meant to symbolize a new beginning, but for one of America’s most recognizable casual dining brands, 2024 offered the opposite. Instead of renewal, the year was marked by financial problems, bankruptcy and a significant loss of its domestic and international footprint. Founded in 1965 in New York City, this restaurant … Read more
Hearing about restaurant closings has become more common, but the news often hits hardest when old establishments close their doors. These restaurants are much more than places to eat; many have become prominent pieces in their communities, tied to years of local memories and traditions. Even well-established chains have not been immune to this troubling … Read more
When buying something from a chain that has filed for Chapter 11 bankruptcy, it’s important to get possession of the item before handing over any cash. When Badcock Furniture filed for Chapter 11 bankruptcy, my wife and I looked at couches and found one we liked. However, they would not sell us the floor sample … Read more
For several years, our town has hosted a monthly music and food truck event that brings hundreds of locals to eat and listen to music. In recent years, perhaps half the trucks have overturned. This kind of turnover is what happens when the cost and complexity of getting a food truck on the road increases, … Read more
In many cases, a Chapter 11 bankruptcy does not mean the end of a restaurant chain. That’s at least in part because brand names have value, and as long as the finances can be worked out with lenders, there will usually be more investors willing to get behind a Red Lobster comeback than those who … Read more
While the Americans have pulled back some discretionary spending, that hasn’t affected the motorcycle market. “The global motorcycle market size was $71.92 billion in 2024. The market is expected to grow from $75.82 billion in 2025 to $119.09 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period,” according to data from Fortune … Read more
“The lady protests too much, I think.” Sometimes the classics tell the story, and in this case Shakespeare’s Hamlet applies. Earlier this month, TheStreet published an analysis of Saks Global’s financial situation. It didn’t paint a pretty picture. Ragini Bhalla, chief brand officer and spokeswoman for Creditsafe, shared details about the struggles Saks Fifth Avenue … Read more
At some point, sneakers, which used to be all about athletic performance, became fashionable. Before his wedding, my brother even told me that he had to tell his friends that they couldn’t wear Jordans with their Hugo Boss tuxedos. Being a bit older than the rest of the wedding party, it never occurred to me … Read more
The craft beer apocalypse, which industry experts say began in 2023, is now in its third year and continues to take its toll. The apocalypse appears to have begun in 2023 after the Brewers Association posted a record number of craft brewery closures of more than 385 for the year, Easter reported. Since then, many … Read more
Once a mall mainstay and department store for generations of families since 1902, JCPenney has endured turbulent years marked by bankruptcy, mass store closings and restructuring efforts. Now, as the retailer continues its long road to recovery, another major setback has emerged. In July 2025, JCPenney entered into a $947 million deal with private equity … Read more