Red Lobster files for Chapter 11 bankruptcy protection
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
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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.
The closures come as the company finds itself with falling sales and the fallout from opioid-related lawsuits.
Rite Aid, a Philadelphia-based pharmacy company, has filed for Chapter 11 reorganization.
A small, private university in West Virginia has declared bankruptcy.
Despite emerging from bankruptcy in 2020, century-old retailer faces major challenges rebuilding its business.
The pharmaceutical company had filed for bankruptcy again earlier this week.
The Supreme Court has blocked for now a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family.
The trucking company laid off employees and ceased operations last week, in preparation of the bankruptcy filing.
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
The home goods store declared bankruptcy over the weekend and closures are next. KDKA's Chris DeRose has the story.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
David's Bridal has filed for bankruptcy protection, the second time the firm has sought such protection in the last five years.
Party City has filed for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending.
Beleaguered Bed Bath & Beyond warned on Thursday that it may need to file for bankruptcy protection as it struggles to attract shoppers.
The company is losing $4 million a week as high-profile staffers resign, raising doubts that it can keep operating.
A federal bankruptcy court judge has approved the sale of a century-old amusement park in northwestern Pennsylvania.
Guitar Center is filing for Chapter 11 bankruptcy, the latest company to go bankrupt during the pandemic that has decimated America's retail sector.
Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently close stores or not pay rent.
J.C. Penney believes it will emerge from Chapter 11 bankruptcy proceedings before Christmas, under a proposed ownership agreement that would save tens of thousands of jobs.
The owner of Pittsburgh's Crazy Mocha Coffee Co. chain has filed for Chapter 11 bankruptcy.
A Brentwood breakfast spot taking on the Allegheny County Health Department in federal court over coronavirus orders has filed for bankruptcy.
