Report: Sears Lowers Holiday Forecast

Holiday season revenue at Sears may come in below its initial forecast, adding another challenge to the financially struggling retailer.

Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Sears Canada Files For Bankruptcy

After recently reporting another deep loss in its first quarter, troubled Sears Canada has filed for bankruptcy protection and is closing some stores and reducing its workforce as it attempts to restructure.

hhgregg To Liquidate Assets

The latest brick-and-mortar retail casualty, hhgregg has announced that the United States Bankruptcy Court for the Southern District of Indiana approved initiation of a liquidation process that began on April 8.

Bankrupt hhgregg Loses Potential Purchaser

Just weeks after announcing it was filing for Chapter 11 bankruptcy protection and that it had a potential buyer, hhgregg has terminated its previously announced nonbinding term sheet with the anonymous party to purchase substantially all of the assets of the company.

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