Entries tagged "retail bankruptcy"
If history is any indicator, then activist investor Mark Wattles' involvement at Blockbuster could lead to an unhappy ending.
Liquidating Circuit City Stores Inc. will ask a bankruptcy judge to pay executives and other employees about $4.63 million to stay with the company as it winds down.
With its cash and short-term investments down 78% and its market share dwindling, Circuit City Stores Inc. is considering a plan to sell up to 150 stores in order to avoid Chapter 11 bankruptcy, news reports have indicated. ...
Discount clothing retailer Steve & Barry LLC's has a new lease on life, purchased out of bankruptcy on Aug. 22. Now, the Port Washington, N.Y.-based company made a new hire in Harold Kahn, who will assume the chief executive position. Kahn is no stranger to struggling retailers as he was president of Abraham and Straus and Montgomery Ward, both companies which shut their doors years ago because of waning sales and tough competition. ...
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. ...
