
Loehmann's, the discount clothing chain, filed for bankruptcy protection for a third time and has hired liquidators in connection with a plan to sell assets.
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Loehmann's, the discount clothing chain, filed for bankruptcy protection for a third time and has hired liquidators in connection with a plan to sell assets.
Gottschalks said on Thursday 9 April that Chief Financial Officer Daniel Warzenski and two other senior executives have left the bankrupt U.S. regional department store chain.
U.S. regional department store chain Gottschalks will be liquidated after it failed to attract a buyer willing to operate the company as a going concern.
Gordon Brothers and an unspecified "group from China" were expected to make bids for the assets of bankrupt department store chain Gottschalks by the night of Wednesday March 25 or the morning of Thursday March 26.
U.S. regional luxury retailer Fortunoff filed for Chapter 11 bankruptcy protection on Thursday and said it will try to sell the business, but if it cannot it will close its doors.
Recession shockwaves are swamping China's main coastal export zones and spreading, pushing a fragmented and once fast-growing retail sector to consolidate as sales and profit margins shrink. Global giants such as Wal-...
Sales at U.S. retailers dropped a steep 2.7 percent in December, government data showed on Wednesday, as a deteriorating economy forced consumers to cut back on spending during the key holiday period.
Regional department store chain Gottschalks Inc (GOTT.PK) said on Wednesday it filed to reorganize under bankruptcy protection, while apparel chain Goody's LLC plans to liquidate its remaining 282 stores in a return t...
Many retailers posted sharply lower November sales at stores open at least a year, prompting some investors to pour into the sector on hopes the dismal results signaled a bottom for share values.