Published reports indicated that Sears Holdings plans to ask a bankruptcy court judge to allow the retailer to move ahead with liquidation plans.
Sears Holdings’ plans to stay in business while looking for a possible buyer was approved by a U.S. Bankruptcy Court on Thursday, November 15, despite objections by some creditors, according to a report by Reuters.
Although a relatively strong holiday season demonstrated that retail has resilience, perhaps more than pundits touting a retail apocalypse might have expected, significant bankruptcies are likely in the years ahead, according to Michael McGrail, chief operating officer for the Tiger Group.
Lowe’s Companies has filed a motion requesting that the Federal Court of Australia appoint a liquidator to oversee the equitable and orderly wind up of its Masters joint venture vehicle, Hydrox Holdings, as part of a liquidation process that has been initiated by its former partner in the venture, Woolworths.
Kmart is adding an off-price, treasure-hunt element to its business. Kmart’s strategic merchandising group said that it is purchasing the…
Despite what it characterized as a better than expected holiday sales period for the company in general, Target Corp. today…