Story of the Week Joann files for bankruptcy protection — again; seeks buyer Joann has filed for Chapter 11 bankruptcy protection for the second time in less than a year. The 82-year-old crafts and fabrics retailer said it filed for voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to […]
Story of the Week J.C. Penney and Sparc Group merge to launch Catalyst Brands J.C. Penney and Sparc Group announced on Wednesday a new joint venture that combines their retail expertise and portfolios into one organization. Dubbed ‘Catalyst Brands’, the organization brings together six banners including J.C. Penney, Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and […]
Story of the Week Party City to close all stores in bankruptcy Party City filed for Chapter 11 bankruptcy protection on Dec 21st in the Southern District of Texas. The party supplies specialist also announced it would close its entire footprint, which at the time of its bankruptcy filing consisted of nearly 700 stores, according […]