Entries tagged "Tweeter"
Worried holders of gift cards bearing the brand of bankrupt retailers such as Linens Holdings Co. (Linens 'n Things), Circuit City Stores Inc. and Tweeter Opco LLC (Tweeter): fear not. A company called Giftcardrescue.com has got you covered. ...
It's no secret the retail sector resembles a bombed-out war zone currently. Companies from Midwestern apparel chain Harold's Stores Inc. to the parent of discount retailer National Wholesale Liquidators, NWL Holdings Inc., to electronics seller Tweeter Opco LLC have filed for bankruptcy protection in just the past few weeks. Giants such as Mervyn's Holdings LLC and Linens 'n Things parent Linens Holding Co. are liquidating after failing to attract buyers. Steve & Barrys LLC may liquidate even after finding a buyer -- Bay Harbour Management LLC, which paid $168 million in August. And conditions only seem to be growing worse....
Just before the holiday is usually the most exciting time for retailers, but this year -- with consumer confidence at all time low -- it won't have the same ring, as many retailers are holding going-out-of-business sales ahead of expected closures after the season's over. ...
Is the electronics retail sector under siege? First Sharper Image Corp. filed for bankruptcy, and now it looks like Tweeter Home Entertainment Group Inc., which only recently emerged from bankruptcy, is liquidating its remaining 100 stores. Meanwhile, larger rival Circuit City Stores Inc. is closing 155 stores ahead of the holidays, further fueling speculation that the Richmond, Va.-based chain could be the next in line. ...
Technology blog Engadget is reporting that electronics chain Tweeter Home Entertainment Group Inc. is near a second Chapter 11 filing. A second filing only 15 months after emerging from bankruptcy would reflect poorly on the special-situations investment firm Schultze Asset Management LLC, which purchased Tweeter. ...
