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Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings

Discount Retailer Dirt Cheap Files for Bankruptcy, Announces Store Closings

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Dirt Cheap, a discount retailer with more than 60 locations across the Southeast, has filed for bankruptcy and announced the chain will begin closing its stores. The retailer’s website said the brand is “the largest buyer of insurance claims in the United States,”...
Furniture Retailer Badcock to Shut Down, Closing 380 Stores

Furniture Retailer Badcock to Shut Down, Closing 380 Stores

by Phil Hall | Aug 1, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Badcock Home Furniture & More, a 120-year-old furniture retailer based in Southern states, has begun a “going out of business” sale at all of its 380 stores. The New York Post reported the company’s shuttering follows last week’s bankruptcy filing by its parent...
Northeast Retail Chain Bob’s Stores Files for Bankruptcy, Plans to Shutter Locations

Northeast Retail Chain Bob’s Stores Files for Bankruptcy, Plans to Shutter Locations

by Phil Hall | Jul 2, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Bob’s Stores, a 70-year-old apparel and accessories retailer focused on the Northeast, has filed for Chapter 11 bankruptcy protection and has begun liquidation sales at its remaining stores. Founded in 1954 as Bob’s Surplus, the company grew to a 34-store...
Walgreens Plans to Close a ‘Meaningful Percent’ of Stores

Walgreens Plans to Close a ‘Meaningful Percent’ of Stores

by Phil Hall | Jun 27, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The financially troubled Walgreens pharmacy chain is planning to close a substantial number of its U.S. stores over the next few years. In a Wall Street Journal interview, Walgreens Boots Alliance (NASDAQ:WBA) CEO Tim Wentworth said the company is reviewing roughly...
Fashion Brand Ted Baker Closes U.S. and Canadian Stores

Fashion Brand Ted Baker Closes U.S. and Canadian Stores

by Phil Hall | May 13, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-based Ted Baker Canada, which conducts business operations for Ted Baker Ltd. in the U.S. and the Ted Baker, Brooks Brothers and Lucky Brand stores in Canada, announced the closing of its retail operations. The closures impact 31 U.S. and nine Canadian stores...
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