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…
A five-year decline in sales in the wine industry has impacted wineries across the spectrum, from the largest companies to the smallest family-owned operations. A major cause of the wine industry’s crisis has been a decline in total industry sales revenue of $19.7 billion, or 21%, between 2020 and 2025, from a total of $94…
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,…
Michael Johnson’s troubled Grand Slam Track filed for bankruptcy protection on Thursday, saying the move was necessary to stabilize finances after a crisis-hit inaugural season. American Olympic legend Johnson launched Grand Slam Track earlier this year with the bold goal of transforming athletics, promising a concentrated format with more frequent head-to-head races between the world’s…
Golf remains a popular participation sport for millions of Americans, as in 2024, a record 47.2 million Americans ages 6 and older played golf on or off the course, according to the National Golf Foundation. The sport’s popularity was evident this week, when world-renowned golf brand Topgolf Callaway Brands Corp. revealed it signed an agreement…
