Certain furniture and mattress retailers will face financial difficulties in 2026, after the industry found success in 2025. The furniture industry showed positive sales results in 2025, as the top 100 retailers posted a combined sales increase of 0.9% to $51.2 billion, based on furniture, bedding and accessories, after a two-year decline, according to Furniture…
Economic challenges, such as rising labor and product costs driven by inflation and rising leasing rates, have impacted pet supply retail operators, forcing several to file for bankruptcy, despite the industry’s financial strength. The pet industry has shown economic strength after sales increased about 3.7% in 2025, reaching $158 billion, according to the American Pet…
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,…
Intermodal logistics services provider STG Logistics filed for Chapter 11 bankruptcy to restructure the company and reduce debt by nearly $1 billion. Filed in a New Jersey bankruptcy court, the port-to-door freight transportation and transhipment company entered into a restructuring support agreement with its lenders that eliminated approximately 91 percent of the company’s debt and…
The Trump administration is taking a tougher line on Americans with student loan debt, and borrowers are feeling it from two sides. For one thing, the US Department of Education has slammed the brakes on income-based payments (1). In August alone, 327,955 applications were denied, according to a December 15 court filing (2). For borrowers…
During the Covid pandemic, millions of Americans of all income levels sheltered in their homes and spent billions of dollars making their nests cozy, benefiting retailers ranging from Walmart and Home Goods to RH and Pottery Barn. But recent years have not been so rosy for many companies in the home goods sector. At home…
