The popular image of a Chapter 7 bankruptcy might be a large company like Enron failing, or maybe some lazy drifter trying to shirk their financial responsibilities. The reality is anything but those sorts of images. Today in America, the most common reason for bankruptcy is to discharge egregious sums of medical debt [1], which […]
View More YC-backed Upsolve is automating bankruptcy for everyoneCategory: Bankruptcy
Brookstone files for bankruptcy, will close all its mall locations
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You may have just sat on your last massage chair at Brookstone.
Retail chain and shopping mall staple Brookstone has filed for Chapter 11 bankruptcy. As a result, after over 40 years of business, the company announced it would be closing all 101 of its shopping mall locations. Its e-commerce store, as well as its 35 airport based retail locations, will remain open for business.
Today, we announced we’re closing our mall stores in the coming weeks. However, our website and airport stores are open for business! We will continue to provide you with the products you love. Thank you for your loyalty over the years.
— Brookstone (@Brookstone) August 2, 2018 Read more…
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View More Brookstone files for bankruptcy, will close all its mall locationsRIP Claire’s, the purest store in any mall
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As a child, when my mom finally let me roam the mall alone with friends, the first and only stop that mattered was Claire’s.
The hip AF store was the go-to place for accessories you definitely didn’t need, and jewelry that was very, very cheap and ~extra~. It’s where you got your feather-covered slap bracelets and rainbow knee socks. It was the land of statement chokers and press on nails. If you were especially cool, it’s where you got your ears pierced… FOR FREE.
Image: Claire’s
Claire’s was and still is all that, but according to Bloomberg, the company is prepping to file for bankruptcy — a sign of possible doom for its stores across 47 countries. Read more…
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