retail chain

Women’s retailer in mall begins liquidation, closing all stores

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Women’s retailer in mall begins liquidation, closing all stores

Usually, when a retailer is in financial trouble, seasoned observers see the signs. A month before JCPenney filed for Chapter 11 bankruptcy, for example, regular shoppers noticed that inventory was thin. You might see the shirt, shoes, or pair of pants you wanted, but it would only be available in less common sizes. That’s because … Read more

Bankrupt 64-year-old retailer faces millions in unpaid debt

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Bankrupt 64-year-old retailer faces millions in unpaid debt

Running a business is challenging, even under the best of circumstances. In today’s uncertain economy, marked by slowing consumer spending and changing retail habits, it becomes even tougher. For a retail chain, the difficulty has been compounded by years of financial strain, two Chapter 11 bankruptcies and hundreds of store closings nationwide. Once an iconic … Read more