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.
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.
Dallas — Centennial has appointed Whitney Livingston chief operating officer (COO) of projects.
Duluth, Ga. — Duluth-based Core States Group has named Shawn Bland director of retail.
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.
New York — Urban Edge Properties has named Chris Weilminster as COO and Don Briggs as president of development.
Merrimack, N.H. — Brookstone Co. Inc. has filed for bankruptcy and will close its remaining 101 mall locations.
New York — A&G Realty Partners will hold an auction for 123 Toys ‘R’ Us and Babies ‘R’ Us stores located across 29 states.
New York and Chicago — GGP Inc. stockholders have approved the proposed takeover by Brookfield Property Partners (BPY), clearing the way for the $9.25 billion acquisition to close.
Fort Worth, Texas and Lincoln, Neb. — RadioShack has partnered with HobbyTown to open more than 100 new express stores nationwide.