liquidation

Retail
Pier 1 Imports To Liquidate Operations

After a long struggle to improve operations and financial performance, resulting in a Chapter 11 filing, Pier 1 Imports has filed a motion seeking bankruptcy court approval to begin an orderly wind-down of the company’s retail operations after store locations are able to reopen following COVID-19-related closures.

Retail
Stage Stores Files For Chapter 11

Stage Stores has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company will simultaneously solicit bids for a going concern sale of the business or any of its assets and initiate an orderly wind-down of operations. The company will terminate the wind-down of operations at certain locations if it receives a viable going-concern bid.

Retail
Shopko To Liquidate

Shopko said that despite the company’s best efforts, it was unable to find a buyer for its go-forward business as a going concern, and will now liquidate its operations.

Appliances
Report: Jawbone To Liquidate

Jawbone, a fitness tracker and consumer electronics manufacturer, has begun liquidation proceedings after its fitness trackers failed to garner consumer interest, according to multiple reports.

Retail
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.

Featured News
Lowe’s In Dispute With Woolworths Over Joint Venture

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.

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