Tag: Chapter 11 bankruptcy

Retail Types, Stores

J. Jill dodges bankruptcy

September 14, 2020

Via: Retail Dive

J. Jill’s deal with lenders follows months of background talks that started with a breach of its current loan, a forbearance agreement, and multiple deadline extensions. Just two weeks ago, the company signaled that a bankruptcy was possible if it […]

Retail Types, Stores

Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores

September 10, 2020


The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, it announced Thursday, joining the dozens of other retailers that have been pushed to the brink during […]

Retail Types, Stores

J.C. Penney to cut 1K jobs as it shrinks in bankruptcy

July 16, 2020

Via: Retail Dive

J.C. Penney entered bankruptcy in mid-May with 850 stores — way more than what some analysts thought the ailing department store retailer should be running amid a protracted decline in mall retail. When the retailer filed for Chapter 11, it […]

News & Trends

5 Symptoms Of A Retail Zombie, From J. Crew To J.C. Penney

June 29, 2020

Via: Forbes

That a number of retailers have filed for Chapter 11 bankruptcy protection and have permanently closed stores in the fallout of Covid-19 pandemic should surprise no one. Rather, it’s some of those merchants that are shuffling back to turn on […]