Charlotte Russe Holdings Corp. Files for Chapter 11 Bankruptcy, Plans to Close 94 Stores in U.S.
San Diego — Charlotte Russe Holdings Corp. has filed for Chapter 11 bankruptcy in Delaware.
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Edward Lampert Wins Bid, Sears to Keep 400 Stores Open
Hoffman Estates, Ill. — Former Sears CEO Edward Lampert has won a bankruptcy auction for Sears Holdings Corp., according to The Wall Street Journal and other media reports.
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Reports: Sears Reaches Temporary Deal to Avoid Liquidation, Will Keep 425 Stores Open
Hoffman Estates, Ill. — Sears Holdings Corp. (NASDAQ: SHLDQ) has reached a temporary deal to avoid liquidation and keep 425 of its stores open, according to media sources.
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David’s Bridal Files for Chapter 11, Says Its More Than 300 Stores Will Remain Open
Conshohocken, Pa. — Wedding dress retailer David’s Bridal has filed for Chapter 11 bankruptcy protection. The Conshohocken-based company says it plans to keep its more than 300 David’s Bridal stores and online platform open and operating without disruption.
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Lowe’s to Close 20 Underperforming Stores in U.S., 31 in Canada
Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has unveiled its plans to close 20 underperforming stores in the United States as part of its ongoing strategic reassessment. Additionally, the company will close 31 Canadian stores.
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Sears Files for Chapter 11 Bankruptcy, Plans 142 More Store Closures
Hoffman Estates, Ill.— Sears Holdings Corp. (NASDAQ: SHLD) has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. A $134 million debt payment was due today.
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Mattress Firm Files for Bankruptcy Protection, Will Close Up to 700 Stores
Houston — Mattress Firm has filed for Chapter 11 bankruptcy protection as part of the Houston-based retailer’s plan to restructure its balance sheet and ultimately close up to 700 stores across the country.
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Centennial Appoints Whitney Livingston COO
Dallas — Centennial has appointed Whitney Livingston chief operating officer (COO) of projects.
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Core States Group Appoints Shawn Bland Director of Retail
Duluth, Ga. — Duluth-based Core States Group has named Shawn Bland director of retail.
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Rite Aid, Albertsons Terminate $24 Billion Merger Amid Stockholder Pushback
Camp Hill Pa. and Boise, Idaho — Rite Aid Corp. (NYSE: RAD) announced Wednesday it has called off its previously announced merger with Boise-based Alberstons Cos.
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Urban Edge Appoints Two Federal Realty Executives COO, President of Development
New York — Urban Edge Properties has named Chris Weilminster as COO and Don Briggs as president of development.
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Brookstone Files for Chapter 11 Bankruptcy, Will Close All Remaining U.S. Mall Stores
Merrimack, N.H. — Brookstone Co. Inc. has filed for bankruptcy and will close its remaining 101 mall locations.
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