Year after chapter 11, retailer struggles to keep stores stocked and convince shoppers it will survive Sears’s bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later,
In the United States, Kmart is on its last legs. Its parent company, Sears Holdings Corporation, declared bankruptcy in 2018, and since then, approximately 141 locations have closed. Fewer than 100 remain
Unpaid Sears vendors are not only fed up with waiting on delayed payments — some say they are now heading towards insolvency themselves. And, they're fighting for retribution. On Monday, a lawyer representing
Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc.