Retail Bankruptcy and Closures

This topic delves into the ongoing trend of retail bankruptcies and store closures, highlighting the economic pressures and shifting consumer behaviors that are driving these changes. Major retailers like Bed Bath & Beyond, 7-Eleven, Rite Aid, and Red Lobster have announced significant store closures or filed for bankruptcy, citing factors like the rise of e-commerce, inflation, changing consumer preferences, and operational challenges. The articles cover various aspects, including financial struggles, strategic responses, and the impact on consumers and employees. Additionally, some retailers are transitioning to online models or forming strategic partnerships to stay afloat.

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Forever 21 launches its ‘going out of business’ sales

The company is offering discounts of up to 60%

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Yet another retailer is ramping up “going out of business” sales at all of its U.S. stores. Forever 21, a clothing retailer, filed for bankruptcy protection in mid-March.

The liquidation sales are happening both in-store, at Forever 21's U.S. locations and online. Hilco Consumer-Retail is managing these sales in a joint venture with Gordon Brothers and SB360.

The company, which also encountered financial trouble in 2019, attributes its latest woes to competition from onlin...

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