Over the years, numerous retail chains have filed for bankruptcy protection twice. Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
Examples include Barneys New York, RadioShack, Wet Seal and American Apparel.
It's a scenario that's getting more common for traditional retailers as they find themselves under pressure from a sea change in where and how people are shopping. Retailers like Barneys and RadioShack have found themselves on the brink twice — going through a bankruptcy filing once, emerging, and then heading back to court, again. In cases where the company files specifically for Chapter 11 twice, the scenario is referred to as Chapter 22.
For such companies, filing for bankruptcy is a lever pulled to break leases on stores when they have too much real estate and need to close some shops.and expanded too fast."Retail is a tough business," Selbst went on. "If you lose that connection with shoppers, it is really hard to get them back."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Stocks slide at open amid coronavirus worries as Amazon limits Nasdaq lossesStocks see a lower start on Friday, with pressure tied to continued concerns over the spread of a coronavirus outbreak that began in China and a round of...
Baca lebih lajut »
Amazon Stock Surges, Market Cap Tops $1 TrillionAmazon is set to become the fourth U.S. company worth $1 trillion after its shares Friday surged following blockbuster earnings that included surpassing 150 million Amazon Prime customers, faster s…
Baca lebih lajut »
Scott Galloway: Apple, Amazon, Microsoft, monopoly on all you consume - Business Insider'In the church of our nation's religion, innovation, we've been brainwashed,' says Professor Scott Galloway on big tech's growing product monopolies (via profgalloway)
Baca lebih lajut »
Amazon Web Services attacks study claiming Microsoft is faster/cheaper - Business InsiderIt's the latest row in an escalating debate between Microsoft and AWS about costs, as cloud market competition intensifies.
Baca lebih lajut »
Everything Coming to Amazon Prime Video Canada in February 2020A breakdown of all the movies and television shows we can't wait to stream this month.
Baca lebih lajut »