Claire's, jewelry store chain for teens, closing 290 locations amid bankruptcy
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
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Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
In a court filing this week, the Hoffman Estates-based retailer listed more than 290 stores it plans to close.
The popular global jewelry retailer will be selling most of its business in North America to the private equity firm Ames Watson.
CBS News Chicago started investigating Gast Monuments after multiple families told us it never delivered the headstones they paid for.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Toys "R" Us opened a new standalone store in the Chicago suburb of Norridge, a surprising turnaround for the company that filed for bankruptcy in 2017.
The company, known for its plastic food storage containers, announced the filing in a statement. Chapter 11 bankruptcy allows companies to solve financial problems by restructuring. The company was founded in 1946.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Dolton, Illinois' acting police chief appeared before a federal judge and pleaded not guilty on Thursday to multiple charges of bankruptcy fraud and perjury, among others.
Federal prosecutors said Lacey lied about his income in bankruptcy statements in order to halt enforcement of a settlement order in a lawsuit filed against him.
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
A man was slashed and injured on a CTA Green Line train on the West Side overnight, Chicago police said.
Indiana Hoosiers quarterback Fernando Mendoza official declared for the NFL draft and could be the no. 1 pick.
ComEd crews restored power to most customers after over 1,000 homes were impacted amid cold conditions in the Chicago area.
Five people have been arrested in connection with the Sunday shooting of a judge and his wife in Indiana, according to authorities.
Chicago temperatures plunged well below zero as an Extreme Cold Warning took effect early Friday morning. Wind chills feel as low as -20 to -40 degrees.
The Office of Management and Budget is seeking data about federal funding to 14 states and localities led by Democrats, including information from universities, and nonprofits within those states.
The Department of Homeland Security disputes a Minnesota school district's claims that ICE agents used a 5-year-old boy as bait before taking the boy and his father into custody Wednesday.
Former Chicago Mayor Rahm Emanuel said this week that he wants a mandatory retirement age of 75 for people running the federal government.
U.S. Rep. for Illinois Robin Kelly has introduced an amendment to the defense funding bill to prevent President Trump from taking over Greenland.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
Among the names missing when the 98th Academy Award nominations were announced were Ariana Grande, George Clooney, Paul Mescal, Denzel Washington, and anyone associated with "Wicked: For Good."
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
If you can't get enough of "Heated Rivalry," merch from the show is now available.
Jackie Kostek joins the stars of Disney on ICE "Jump In."
Videos have gone viral on social media of loud, gunshot-like bangs in forests, with users dubbing them "exploding trees." They're actually known as frost cracks, and are more common than you may think.
The White House's Office of Management and Budget has ordered nearly all federal agencies to compile detailed reports of funding provided to 13 states run by Democrats, including Illinois, and Washington D.C.
It’s been two years since Barrington student Marin Lacson was killed by a Metra train. Since then, community members have pushed the village of Barrington to install a pedestrian gate where she lost her life; no gate exists today. A bill backed by several state lawmakers called Marin’s law was filed in Springfield on Thursday.
Five people have been arrested in connection with the Sunday shooting of a judge and his wife in Indiana, according to law enforcement.
Dangerously cold conditons have arrived in Chicago on Friday, bringing subzero temperatures and wind chills as low as 20 to 40 below zero.
Every time arctic air drops south, and temperatures plummet well below zero, social media lights up with a scary (and slightly cinematic) rumor called "exploding trees."
Five people have been arrested in connection with the Sunday shooting of a judge and his wife in Indiana, according to authorities.
Over 1,000 homes were impacted amid cold conditions in the Chicago area earl Friday morning.
School closings and moves to e-learning have been announced in Chicago, Illinois and Northwest Indiana ahead of frigid temperatures that prompted an Extreme Cold Warning.
Chicago is marking 30 years since it started its first citywide recycling program, which began with a problematic kickoff, and continues to lag behind other major cities in terms of performance.
More than a year before identical twin brothers stopped teaching at the Thornton Fractional School District, administrators were aware of allegations that one of them had been sexually assaulting a student.
Chicago relies on the CTA to get around, but there's some resistance to that reliance with safety concerns continuing to plague the mass transit system.
The Joliet Police Department is facing a federal civil rights lawsuit for patting down a 12-year-old girl who was a passenger in a vehicle pulled over for not having lights on.
$10 million settlement in case of Anthony Stringfellow, Jr. who took his own life while at Madden Mental Health Center
Indiana Hoosiers quarterback Fernando Mendoza official declared for the NFL draft and could be the no. 1 pick.
Coby White scored 22 points, Josh Giddey added 21 off the bench, and Jalen Smith converted two clutch free throws late to lift the Chicago Bulls to a 120-115 win over the Minnesota Timberwolves.
Oliver Moore scored in the shootout on his 21st birthday and Spencer Knight stopped five of six shots by Carolina to give the Chicago Blackhawks a 4-3 shootout win over the Hurricanes.
Loyola center Miles Rubin has set the team's career record for blocks in just his third year with the Ramblers.
Illinois led 47-30 at halftime thanks to a 25-4 run to end the half.
Officials said there were 11 arrest orders for "El Botox" for extortion and homicide. He was accused of attacking authorities with explosives.
The Department of Homeland Security disputes a Minnesota school district's claims that ICE agents used a 5-year-old boy as bait before taking the boy and his father into custody Wednesday.
A Little Village man was acquitted Thursday on federal charges accusing him of trying to put a hit on U.S. Customs and Border Protection Cmdr. Gregory Bovino.
Chicago police are warning about a string of burglaries over four days last week where thieves used sledgehammers and crowbars to bust through glass front doors or windows of businesses across the city.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
