Saks Global, century-old high-end department store chain, files for bankruptcy
The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
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The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
More than 8,000 stores closed across the U.S. this year, according to retail industry data, including these well-known brands.
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
The Container Store said it is filing for bankruptcy protection after years of losses and declining sales.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Conspiracy theorist Alex Jones owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
The conspiracy theorist has proposed paying the families of Sandy Hook victims a fraction of the nearly $1.5 billion which they were awarded in judgements against him.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
Some people who had already bought tickets to see movies at the theaters found them closed for good. Marci Gonzalez and Amy Johnson report.
