A bankruptcy court has approved the Going Out of Business sales of all 89 remaining stores owned by American Signature Inc. The sale involves 79 stores in 13 states that operated under the Value City Furniture brand and 10 stores in Delaware and Florida that operated...
Sonder Holdings Inc. (NASDAQ: SOND), a San Francisco-headquartered operator of short-term rental apartments and boutique hotels, announced a winding down of its operations immediately and the Chapter 7 liquidation of its US business while initiating insolvency...
The financially troubled Rite Aid pharmacy chain has closed all its remaining stores. Over the weekend, the company posted a message on its website that said, “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support.” The...
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 4-8. Miss: A Message from a Kook. The...
Two months after filing for bankruptcy, Hooters of America is closing more than 30 of its company-owned restaurants across a dozen states. Verdict Food Service reports the company is seeking to address its $376 million with the sale of its corporate-owned restaurants...