October 14, 2024 Hardware store True Value files Chapter 11, joins list of retailers going into bankruptcy this year The long-standing home-improvement wholesaler says its 4,500 locations will stay open as the company sells its operations to rival Do It Best. BY Sarah Bregel A long-standing hardware wholesaler, True Value, is filing for bankruptcy. The 75-year-old … Continue reading Hardware store True Value files Chapter 11, joins list of retailers going into bankruptcy this year
September 06, 2024 2,000 employees to lose jobs as LL Flooring, formerly Lumber Liquidators, ceases operations The company closed nearly 100 stores earlier this year. BY Sarah Bregel LL Flooring, a competitor of Home Depot and Lowe’s, is going out of business. The company, founded in 1993 and previously called Lumber Liquidators, has been one of … Continue reading 2,000 employees to lose jobs as LL Flooring, formerly Lumber Liquidators, ceases operations
August 29, 2024 Nationwide listeria ice cream recall leads to Chapter 11 bankruptcy filing and layoffs for Totally Cool brand The Maryland-based company made headlines this summer when dozens of its products were identified in an FDA recall notice as posing a possible health risk. BY Michael Grothaus We all know that food recalls can have … Continue reading Nationwide listeria ice cream recall leads to Chapter 11 bankruptcy filing and layoffs for Totally Cool brand
August 13, 2024 LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations The company is the latest national retailer to announce a reduction in its physical footprint as it seeks to turn around its fortunes through Chapter 11. BY Michael Grothaus Premier flooring retailer LL Flooring Holdings, Inc. has announced … Continue reading LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations
July 01, 2024 Redbox owner’s bankruptcy filing is the final nail in the coffin for DVDs Chicken Soup for the Soul, which owns DVD rental chain Redbox, claimed $970 million in debts in its Chapter 11 filing. BY Henry Chandonnet Those red DVD kiosks peppering Walgreens across the country may have reached their end. Last week, … Continue reading Redbox owner’s bankruptcy filing is the final nail in the coffin for DVDs
The owner of Redbox has filed for Chapter 11 bankruptcy Chicken Soup for the Soul Entertainment is $970 million in debt. cheyenne macdonald Updated Sat, Jun 29, 2024 REUTERS / Reuters Chicken Soup for the Soul Entertainment, which acquired the movie rental service Redbox in 2022, has filed for Chapter 11 bankruptcy protection, … Continue reading The owner of Redbox has filed for Chapter 11 bankruptcy
Hyperloop One is shutting down The company once wanted to build a high-speed transportation system between Europe and China. Mariella Moon Updated Fri, Dec 22, 2023 David Becker via Getty Images Hyperloop One had once dreamed of building a high-speed freight link between Europe and China, one that could take cargo from one end … Continue reading Hyperloop One is shutting down
By Clint Rainey November 16, 2023 Is the beloved American fast-food-franchise model facing a reckoning? In the past year, and more frequently in recent months, franchisees that were once big moneymakers for such brands as Burger King, McDonald’s, Popeyes, and Hardee’s have started to file for bankruptcy. On Tuesday, a major Wendy’s franchisee—Florida-based Starboard … Continue reading Wendy’s, Burger King franchise empires are going bankrupt. Is the fast-food model broken?
Revel is shutting down its shared electric moped service It’s focusing on its EV ride-hailing service and charging stations going forward. Mariella Moon Sat, Nov 4, 2023 Drew Angerer via Getty Images Revel is leaving behind its roots and ending its (at times controversial) electric moped service New York City and San Francisco. Company … Continue reading Revel is shutting down its shared electric moped service
Intuit is shutting down Mint, its popular free budget-tracking app It’s asking users to switch to Credit Karma instead. Steve Dent Fri, Nov 3, 2023 Intuit/Mint Intuit is shutting down its free budgeting app Mint, which had 3.6 million active users in 2021, Bloomberg reports. The company will absorb users into its other service … Continue reading Intuit is closing down Mint, its popular free budget-tracking app
