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July 25, 2008 6:10:24 PM CDT

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Stories related to: Chapter 11

Stories

6 Stories

  • July 2008

    • Steve & Barry's Heads to Chapter 11

      newser  |  Wall Street Journal  |  Jul 9, 08 7:51 AM CDT

      Steve & Barry's Heads to Chapter 11

      Dress-down discount clothing retailer Steve & Barry’s, which launched its first store nearly a quarter-century ago, could file for Chapter 11 bankruptcy protection as early as today after a fruitless search for rescue financing, reports the Wall Street Journal. The trendy retailer could close all of its 275 outlets, many of which are cavernous anchor stores in financially-squeezed malls. More »

      Tags

      fashion  • Sarah Jessica Parker  • retailing  • Chapter 11  • retail businesses

  • May 2008

    • Bankrupt, Linens 'n Things Will Fold 120 Stores

      newser  |  MarketWatch  |  May 2, 08 5:45 PM CDT

      Bankrupt, Linens 'n Things Will Fold 120 Stores

      Linens 'n Things filed for bankruptcy protection today, MarketWatch reports, and plans to close 120 stores nationwide as other operations continue. "The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years," the company's new chairman said. More »

      Tags

      retail  • consumer spending  • bankruptcy  • economics  • layoffs  • Chapter 11  • Linens 'n Things

  • April 2008

    • London-NYC Exec Airline Eos Files Chapter 11

      newser  |  Times (UK)  |  Apr 28, 08 6:06 AM CDT

      London-NYC Exec Airline Eos Files Chapter 11

      Business-class only Eos, struggling with rising fuel prices and unable to land a $50 million cash infusion to keep it aloft, filed for Chapter 11 bankruptcy protection last night, reports the Times of London. The airline, which offered business travelers cheap, high-quality flights between London and New York, follows fellow premium carrier Maxjet into bankruptcy. More »

      Tags

      airline industry  • bankruptcy  • Chapter 11

    • Linens 'n Things to Go Bust

      newser  |  Wall Street Journal  |  Apr 11, 08 6:50 AM CDT

      Linens 'n Things to Go Bust

      Linens ‘n Things ls expected to file for Chapter 11 by Tuesday, the deadline for a $15-million quarterly debt payment, the Wall Street Journal reports. The move would make the home-furnishings giant the first major retailer sunk by the housing crisis, after bloated debt and plummeting demand handed the New Jersey company $242 million in losses last year. More »

      Tags

      retail sales  • retail  • bankruptcy  • retail stores  • Chapter 11  • Linens 'n Things

    • Frontier Airlines Latest Carrier to File for Bankruptcy

      newser  |  Wall Street Journal  |  Apr 11, 08 6:25 AM CDT

      Frontier Airlines Latest Carrier to File for Bankruptcy

      Discount carrier Frontier Airlines today said it was filing for Chapter 11 but would keep flying thorough its reorganization, the Wall Street Journal reports. The carrier made the move after its credit-card processing company decided to withhold a larger share of ticket revenues from Frontier. Aloha and ATA also declared bankruptcy this month; both discontinued operations. Frontier reported a $18.7-million loss in 2007. More »

      Tags

      bankruptcy  • Aloha Airlines  • ATA  • Chapter 11  • Frontier Airlines

  • March 2008

    • Gift Cards Not Looking So Sharp

      newser  |  MarketWatch  |  Mar 4, 08 11:00 AM CST

      Gift Cards Not Looking So Sharp

      Consumers holding Sharper Image gift cards are out a collective $25 million after the gadget retailer stopped honoring the cards when it filed for bankruptcy in February, MarketWatch reports. With the shaky economy likely to produce more bankruptcies over the next year or two, consumers would be wise to redeem other cards they may be hoarding. More »

      Tags

      US economy  • bankruptcy  • retailing  • Chapter 11  • Sharper Image  • gift cards

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