Bankruptcy

GNC store

Financial

GNC Files for Chapter 11 Bankruptcy Protection

The health and wellness company is hoping for a sale, but in the meantime plans to close between 800 and 1,200 stores.

clock June 24, 2020Kellie Ell

AllSaints Rockefeller Center

Financial

AllSaints Gets U.S. Bankruptcy Court OK of U.K. Restructuring

Hit hard by the pandemic, AllSaints is getting a new cash injection as it faces tens of millions of dollars in unpaid rent.

clock June 23, 2020Kali Hays

A Denim of Virtue Instagram post.

Fashion Scoops

Denim of Virtue Brand Shutters

The L.A. premium denim brand abruptly closed and is liquidating through bankruptcy.

clock June 22, 2020Kali Hays

j.c. penney store sign

Financial

J.C. Penney’s Suitors Circle in Bankruptcy Process

The company faces a key deadline next month that could decide its future.

clock June 17, 2020Evan Clark and Sindhu Sundar

Long Tall Sally

Fashion Scoops

Long Tall Sally Closing Forever

The latest retail casualty of the coronavirus.

clock June 16, 2020Kellie Ell

Escada store Paris

Financial

Escada Seen Struggling Under New Owner

The waning luxury brand is facing permanent store closures, loss of key executives and is pulling out of the traditional fashion timeline.

clock June 12, 2020Kali Hays

Victoria's Secret store London

Financial

Victoria’s Secret U.K. Explores Refinancing Options, Possible Sale

Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.

clock June 5, 2020Kellie Ell and Samantha Conti

Sabon in has filed for bankruptcy amid the pandemic.

Financial

Sabon Files for Bankruptcy, Citing Coronavirus Pandemic

The New York soap and body-care company said its business has been “devastated” by the economic shutdown caused by the pandemic.

clock May 30, 2020Kali Hays

John Barrett

Financial

John Barrett Salon Files for Bankruptcy

The New York salon from the longtime hairstylist opened just last year.

clock May 30, 2020Kali Hays

A J.C. Penney mall store.

Retail

J.C. Penney Barrels Toward Reopening, Plans For Swift Chapter 11 Exit

The retailer told a bankruptcy court that it plans to fully reopen by early August, and is negotiating rent relief from landlords.

clock May 28, 2020Sindhu Sundar

Brooks Brothers

Retail

Brooks Brothers: No Longer ‘Made in the USA’?

The iconic American retailer is said to be closing its remaining factories in New York, North Carolina and Massachusetts, impacting nearly 700 workers.

clock May 19, 2020Jean E. Palmieri

Macerich's Broadway Plaza in Walnut Creek, Calif.

Retail

Macerich Maps Out Plans to Reopen Shopping Centers

The real estate investment trust hopes to have all of its properties open by mid-June. Meanwhile, only about 26 percent of tenants paid April rent.

clock May 12, 2020Kellie Ell

boarded up neiman marcus

Retail

Neiman’s in Bankruptcy: Scenarios for Salvaging the Brand

For Neiman Marcus Group to come out of bankruptcy and survive, industry executives say it must pare down and modernize.

clock May 11, 2020David Moin

Wrangler store

Financial

Wrangler, Lee Jeans Parent Company Investing in Digital, Slowly Reopening Stores

Kontoor Brands charts go-forward strategy as the effects of the coronavirus play out around the world.

clock May 7, 2020Kellie Ell

woman walks past a boarded up J. Crew

Financial

J. Crew Blues: The Bankrupt Retailer Looks to the Future

With its Chapter 11 filing Monday, the retailer is set to get new owners and a slimmer profile.

clock May 5, 2020David Moin and Evan Clark

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Essentialist

Today's Must Read

Business

J.C. Penney Losses Deepen

clock September 25, 2020David Moin

Social Studies