J.Crew Files For Chapter 11 As Pandemic Chokes Retail SectorMore retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C. Penney also facing problems. Gap Inc. has warned it is running out of cash and is looking for an infusion.
FTD, Founded 100 Years Before Swipe Right, Seeks BankruptcyIts other businesses, including ProFlowers, Shari's Berries and Personal Creations, will continue to operate.
Payless ShoeSource To Shutter All Of Its Remaining U.S. StoresShoppers are increasingly shifting their buying online or heading to discount stores like T.J. Maxx to grab deals on name-brand shoes.
Sears Survives A Near-Death Experience, But For How Long?Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.
Giordano's Pizzeria Files For BankruptcyChicago-based Giordano's Pizza has filed for Chapter 11 bankruptcy protection, but wants to keep the business running during its reorganization.
Local YMCA Files For Bankruptcy ProtectionThe YMCA of McHenry County has filed for Chapter 11 bankruptcy protection, citing the recession and a decline in membership as the main reasons.