Tags: Financial Markets | Money | retailers | retail ice age | big box stores | bankruptcy | chapter 11

11 Retailers Who Have Filed for Bankruptcy This Year

a closed store front for bankrupt retailer payless shoesource
(Kristoffer Tripplaar/AP)

By    |   Tuesday, 09 April 2019 12:08 PM

The year is not half over but a slew of major retailers have already filed for bankruptcy, with hundreds of stores poised to shutter in the coming weeks, leaving thousands of employees without jobs, Business Insider reported.

The pace for closures continues from 2018, which saw dozens of retailers, including major department stores chains, brands, and manufacturers, file for bankruptcy protection, CNBC noted.

It is likely many more will still file this year, but here is a look at the 11 retail companies that have filled for bankruptcy this year, per Business Insider:

  1. Beauty Brands – The Midwest retail chain selling makeup, hair, and skincare products, filed for Chapter 11 bankruptcy four days into the new year.
  2. Innovative Mattress Solutions – Following in the footsteps of Beauty Brands, Kentucky-based mattress company, Innovative Mattress Solutions, filed for Chapter 11 bankruptcy Jan.14.
  3. Shopko – The Wisconsin-based retailer filed for Chapter 11 bankruptcy Jan. 16 and in March it was reported Shopko failed to find a buyer and would shut all 363 of its stores.
  4. Gymboree – After filing for bankruptcy Jan. 17, it emerged the clothing company will be closing all 800 of its stores.
  5. FullBeauty Brands – The clothing retailer exited bankruptcy within 24 hours after filing Feb 4.
  6. Charlotte Russe – The women's clothing brand revealed it would be closing all its stores after filing for bankruptcy Feb. 4.
  7. Things Remembered – The 53-year-old specialty chain, which focused on creating personalized engravings and merchandise, filed for Chapter 11 bankruptcy Feb. 6.
  8. Payless ShoeSource – The shoe store will close all its locations except its franchise stores after filing for bankruptcy Feb. 18.
  9. Diesel – The iconic denim and accessory brand shocked the public when it filed for bankruptcy March 5.
  10. Z Gallerie – The home furnishing retailer announced it would be closing 17 stores after it filed for Chapter 11 bankruptcy March 11.
  11. Roberto Cavalli – The Italian fashion company has closed its U.S. shops after filing for Chapter 7 bankruptcy.

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A slew of major retailers have already filed for bankruptcy this year, with hundreds of stores poised to shutter in the coming weeks, leaving thousands of employees without jobs, according to Business Insider.
retailers, retail ice age, big box stores, bankruptcy, chapter 11, chapter 7
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2019-08-09
Tuesday, 09 April 2019 12:08 PM
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