QVC Group says it intends to file for bankruptcy to deal with $5B in debt
West Chester, Pennsylvania-based QVC Group announced it intends to file for Chapter 11 bankruptcy amid financial headwinds.
Watch CBS News
West Chester, Pennsylvania-based QVC Group announced it intends to file for Chapter 11 bankruptcy amid financial headwinds.
The first Bed Bath & Beyond Home store will open Friday in Nashville, where shoppers will be able to use legacy coupons to get discounts.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
Rite Aid has once again filed for bankruptcy. This announcement comes just seven months after the chain exited Chapter 11 and emerged as a private company. The financially strapped drug store chain said it is looking for a buyer, and re-filing for Chapter 11 bankruptcy protection will help facilitate that process. The company said it plans to keep its stores open throughout its bankruptcy.
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.
The parent company of Crozer Chester and Taylor hospitals announced a deal to sell the hospitals to a not-for-profit consortium of what the company is calling "health care operators."
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
The University of the Arts' nine-property, 760,000-square-foot campus portfolio in Center City is up for sale.
Some of Buca di Beppo's nearly 20 shuttered locations are in states including Arizona, Michigan and Pennsylvania.
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.
Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
The company said it's restructuring to reduce its debt, adding that it has obtained $3.45 billion in new financing.
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.
The company said it will still try to sell some or all of its business.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
Revel, Atlantic City's newest casino, will be filing for Chapter 11 Bankruptcy next month, less than one year after opening to the public.
The Philadelphia Orchestra is out of Chapter 11 bankruptcy.
The Philadelphia Orchestra management and musicians have agreed to extend the current contract into November to prevent a strike while talks on a new labor agreement continue.
