Customers who have spent a lot of money on kitchen upgrades are reeling from the news that Wren Kitchens filed for Chapter 7 bankruptcy. All 15 of its U.S. locations have closed, as have “studio” displays inside Home Depot stores. The company is still touting itself as the number one kitchen retailer in the UK,…
The major U.S. television networks, NBC, CBS, ABC and Fox, have never filed for bankruptcy during their existence, although some smaller cable networks have filed petitions. The network’s biggest recent bankruptcy filing was that of TV personality Dr. Phil McGraw’s Merit Street Media Inc., which filed for Chapter 11 protection to reorganize on July 2,…
The fear of losing legacy brands is increasingly becoming a reality as even well-known retailers struggle to adapt to changing consumer preferences, rising operating costs, the growth of e-commerce and intensifying competition. Many long-standing companies that once dominated malls are now experiencing mass closures or disappearing entirely, proving that nostalgia and decades of brand history…
In the midst of the conversation about team expenses, the Los Angeles Dodgers’ television agreement with Spectrum came up, that is, a special clause that allows the Dodgers to retain an additional portion of their television revenue. The signing of outfielder Kyle Tucker has caused a complete meltdown on social media, with fans from across…
When a shipping company goes out of business, it generally has a liquidation period in which it delivers the remaining loads in its possession. Not doing so leaves thousands of people in limbo, as they don’t know if their orders will ever arrive. The problem can be even worse when the items being delivered have…
