A specialty chain focused on personalized merchandise, Things Remembered has filed for Chapter 11 bankruptcy protection as part of a purchase deal.
Sears Holdings officials acknowledged Edward Lampert’s winning bid for the company, subject to bankruptcy court approval.
Shopko has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Nebraska and announced, in concert with the legal action, that it would close 38 stores, relocate about 20 optical centers to freestanding locations, and conduct an auction process for its pharmacy business.
Sears Holdings will close an additional 40 locations in 2019 as the company continues to navigate bankruptcy proceedings.
In consequence of the chapter 11 bankruptcy filing by parent Sears Holdings, Sears Home & Business Franchises, which offers appliances and other services to consumers, is “here to stay and open to serve you,” stated Jeff Pepperney, the company’s vp.
Sears Holdings has received approval on all first-day motions related to the company’s Chapter 11 bankruptcy filing.
Brookstone was making a bid to reverse the fortunes of its mall-based stores, but the initiative has been cut short by a Chapter 11 bankruptcy filing in a Delaware federal court.
The Bon-Ton Stores said it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group including its partner Mason Asset Management, and Washington Prime Group to acquire the department store retailer as a going concern in a bankruptcy court-supervised sale process.
Southeastern Grocers (SEG), the parent company of several southern grocery store chains including Winn-Dixie, has filed for Chapter 11 bankruptcy protection and will close 94 locations across its four nameplates in seven states.
After a series of setbacks, including poor holiday sales and delisting by the New York Stock Exchange, hhgregg has filed Chapter 11 bankruptcy protection and announced that it has found a buyer for the 132-store business that would emerge from the legal process.