chapter 11

Century 21 Stores Going Out Of Business

Century 21 Stores has filed for Chapter 11 and plans to commence a wind down of its off-price retail operations and going out of business sales at its 13 stores across New York, New Jersey, Pennsylvania, and Florida after serving customers for nearly 60 years.

Lord & Taylor To Liquidate All Stores

After filing for Chapter 11 bankruptcy protection and unable to find a buyer, Le Tote, Inc. and Lord & Taylor will now conduct going out of business sales at all 38 stores and on the retail brand’s website.

Lord & Taylor Slates Five More Store Closures

Le Tote, Inc. and Lord & Taylor, which recently filed for Chapter 11, said they continue to review offers for a sale of the company and its brands. Meanwhile, the company added five more Lord & Taylor stores to the list of stores that are now participating in the store closing sale process led by a joint venture of Hilco Merchant Resources and Gordon Brothers.

Libbey Updates Reorganization Plan

As Libbey continues to navigate its recent bankruptcy filing, it has filed an amended plan of reorganization and a related disclosure statement in the U.S. Bankruptcy Court for the District of Delaware.

Marquee Brands Acquires Sur La Table

Confirming recent media reports, Marquee Brands LLC, a leading global brand owner, marketer and media company, has signed a definitive purchase agreement to acquire the Sur La Table brand and all related intellectual property.

Stein Mart Files Chapter 11

Stein Mart and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division.

Lord & Taylor Files Chapter 11

On August 2, Le Tote, Inc. and certain of its subsidiaries including Lord & Taylor, filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Eastern District of Virginia. The company will simultaneously solicit bids for a going concern sale of both its Le Tote and Lord + Taylor businesses, and conduct targeted store closing sales.

J.C. Penney Laying Off 1,000 Workers

As the company aligns its workforce with its store optimization strategy and reduced store footprint, J.C. Penney is reducing its workforce by about 1,000 corporate, field management and international positions.

Libbey To Shutter Shreveport Factory

As Libbey continues to navigate its Chapter 11 filing, the company plans to close its Shreveport, LA, factory. The closure is part of cost reduction measures and to better align manufacturing capacity with lower levels of projected demand.

Sur La Table Files Chapter 11

Sur La Table has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to consummate a restructuring and going-concern sale of the company, subject to court approval.

J.C. Penney Slates 13 More Store Closures

J.C. Penney has taken the next step in implementing its store optimization strategy, adding 13 store closures as part of its second phase, pending court approval. Store sales are expected to begin on or around July 3.

Libbey Reports Net Loss In Q1

Libbey reported its first quarter revenue was down with a net loss of $78.7 million in the period ending March 31. The loss comes on the heels of the company filing for a court-supervised reorganization under Chapter 11.

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