Bed Bath & Beyond announced it will close 87 more stores nationwide, including the storefront at 72-459 Highway 11 in Palm Desert, as the embattled home goods chain teeters on the brink of bankruptcy.
Used car retailer Carvana, facing a cash crunch, could be headed towards bankruptcy, according to both published reports and a bearish analyst’s call that slashes its share-price target to $1.
(CNN) — The National Rifle Association of America, the nation’s foremost gun lobby, has filed for voluntary bankruptcy, according court documents filed Friday in the Northern District of Texas. The group plans to leave New York State, where it was founded in 1871, and reincorporate as a Texas nonprofit in a move it is calling […]
Theme park operators in California say that they will not be able to reopen until next summer, the result of strict regulations imposed by the state this week in the Covid-19 crises. That includes Disneyland. In a statement released to the news media, Disney Resort President Ken Potrock said, “These state guidelines will keep us […]
Discount retailer Stein Mart has filed for bankruptcy and plans to close most of its nearly 300 stores. The 112-year-old company blamed its failure on changing consumer habits and the pandemic, both of which “have caused significant financial distress on our business,” Stein Mart CEO Hunt Hawkins said in a release on Wednesday. Like other retailers, its operations […]
California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations. The 35-year-old pizza chain filed for Chapter 11 Thursday, explaining that the process will help it “reduce its long-term debt load, and quickly emerge from bankruptcy as a much stronger company.” It warned that it will […]
