Tag Archives: bankruptcy

Facebook Tweet Email Link Reuters  —  Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such as elevated domestic capacity and weak demand for leisure travel in the second quarter has resulted in a tough pricing environment for airline, it said in …

Once a staple of shopping malls across the U.S., teens and tweens retailer Claire’s announced this week it is filing for Chapter 11 bankruptcy protection. The once thriving retailer has faced numerous challenges in recent years caused in part by growing competition and a decrease in mall traffic nationwide. While the company says it is exploring “strategic alternatives” to its …

Tween Jewelry Retailer Claire’s Files for Second Bankruptcy  Bloomberg Claire’s, the ear-piercing tween mall staple, is bankrupt — again  NPR Claire’s, a mall staple for tweens, files for bankruptcy — again  CNN Claire’s, known for piercing millions of teens’ ears, files for Chapter 11, 2nd time since 2018  AP News Mall staple chain skips rent payments, moves closer to bankruptcy  AL.com Source link

Claire’s, Teen Jewelry Chain, Files for Bankruptcy a 2nd Time  The New York Times Claire’s Initiates Voluntary Chapter 11 Proceedings to Maximize Business Value  PR Newswire Claire’s, the ear-piercing tween mall staple, is bankrupt — again  NPR Claire’s, once a mall destination for tweens, files for bankruptcy  The Washington Post Tween accessories retailer Claire’s files for bankruptcy again as debt pile looms  CNBC Source link

People walk by a Claire’s store on December 11, 2024 in San Rafael, California.  Justin Sullivan | Getty Images News | Getty Images Tween retailer Claire’s filed for bankruptcy protection for the second time in seven years on Wednesday in the hopes it can reorganize its business and stave off liquidation.  The mall-based boutique, long known for its ear piercing …

The tween jewellery and ear-piercing retailer Claire’s has declared bankruptcy in the US for the second time in seven years amid a slowdown in consumer spending and the switch to online shopping. The US accessories retailer, which has more than 2,700 stores in 17 countries including the UK and France, said in papers filed with a court in Delaware that …

A struggling furnishing chain is shutting down six additional stores as it fights its way out of bankruptcy.  At Home, the Texas-based home decor chain with 200 stores nationwide, will now shut down at least 32 locations, likely by September. In June, the company said it put 20 stores on the chopping block as it first entered Chapter 11 bankruptcy. An additional six …

12 Years After Bankruptcy, a Changed Detroit Is Picking a Mayor  The New York Times Detroit primary election: Where, when and how to vote  Axios 2 Detroit mayor candidates advance Tuesday. Here are my predictions for their future.  Detroit Free Press Editorial: Our primary endorsement for Detroit mayor  The Detroit News Can Mary Sheffield help the Democrats out of the wilderness?  The Times Source link

San Francisco tech company, once worth $650 million, files for bankruptcy  SFGATE Wag!, SF-based pet care company, files for bankruptcy  KRON4 Why Are Dog-Walking Services Struggling Financially?  Tech in Asia Pet Care App Wag! Can Tap $4M Of $6.5M DIP Loan  Law360 Wag! Group Faces Nasdaq Delisting Amid Bankruptcy  TipRanks Source link

Big rental car company closed, Chapter 11 bankruptcy possible  TheStreet Source link