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King of Prussia Mall Owner Buying Its Own Stores Out of Bankruptcy | News Break
It is not a surprise to many that the difficult circumstances created by COVID-19 would spell the end of some mall retailers. However, Simon Property Group, the largest mall owner in the U.S., has decided that desperate times call for desperate measures and has begun buying some of its own stores out of bankruptcy, writes…
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Pier 1 closings in Pennsylvania – The Morning Call
These 13 Pier 1 Imports stores in Pennsylvania will close as the retailer files for bankruptcy protection. β Read on www.mcall.com/business/mc-biz-pa-pier-1-closings-20200218-hlnvemllo5g37ibebze5pi44ai-story.html
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Boy Scouts Of America Files For Bankruptcy Amid Hundreds Of Sexual Abuse Lawsuits β CBS Philly
The youth organization, which celebrated its 110th anniversary Feb. 8, listed liabilities of between $100 million and $500 million, but $50,000 or less in assets. β Read on philadelphia.cbslocal.com/2020/02/18/boy-scouts-of-america-files-for-bankruptcy-amid-hundreds-of-sexual-abuse-lawsuits/
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Forever 21 Bankruptcy Signals a Shift in Consumer Tastes – The New York Times
The retailer fell victim to the eroding power of shopping malls and said it would cease operations in 40 countries and close up to 178 stores in the U.S. β Read on www.nytimes.com/2019/09/29/business/forever-21-bankruptcy.html
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Charlotte Russe Closing All Stores; Diesel USA Files for Bankruptcy | NBC4 Washington
There’s more bad news for the retail industry. Women’s fast-fashion retailer Charlotte Russe announced Thursday that it is going out of business and closing its remaining 416 stores. β Read on www.nbcwashington.com/news/national-international/Charlotte-Russe-Closing-All-Stores-Diesel-USA-Bankruptcy-506820001.html
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