A. Alamo Drafthouse CinemaAlex and AniAlpha MediaAND1Avia (shoes) ; BBelkBlue RhinoBrazos Electric Power Cooperative ; CCasa Bonita
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2021". The following 53 pages are in this category, out of 53 total. This list may not
The running list of 2021 retail bankruptciesAlex and AniThe Collected GroupPaper SourceBelkSolstice Marketing ConceptsL'OccitaneChristopher
Alamo Drafthouse
Movie theaters struggled for obvious reasons over the past year. While AMC miraculously shed debt thanks to its brief tenure as a popular Reddit meme “stonk” and secured new funding, dine-in theatre chain popular with movie nerds Alamo Drafthouse hasn’t been so lucky. Although many states have reopened theaters, the Texas-based chain filed for bank.
Belk
Department store Belk exited their bankruptcy just 24 hours after filing on February 24. The chain’s lenders approved its restructuring agreement, allowing it to shed $450 million of the debt that’s become endemic to old school retailers, and including $225 million in new capital. Remarkably, the plan will keep the company’s 291 store footprint acr.
Christopher & Banks
Women’s formal and professional wear was a bad business to be in in 2020. After Ascena’s mall-core trove of women’s fashionsent them into bankruptcy, it wasn’t a huge surprise when Christoper & Banks followed. After defaulting on various payments in January, the Minnesota-based brand filed for bankruptcy on January 14, with plans to wind down its b.
Country Fresh
Eventually, retailers' struggles made their way down to the suppliers. Country Fresh, a Houston-based company that supplies ready-made meals, salads, soups and snacks to grocery and convenience stores, filed for Chapter 11 on February 16. Executives chalked it up to “pandemic-related supply chain and business disruptions.” Most of the company’s deb.
How many companies have declared bankruptcy in 2021?
More than ten major companies have already declared bankruptcy in 2021
2020 was the worst year for bankruptcies in a decade, when the aftermath of the financial crisis tanked Blockbuster and Hummer
Knotel
In March of 2020, Knotel, a WeWork competitor that designs and runs bespoke workspaces, had a valuation of $1.6 billion. Falling revenue as a result of the pandemic was made even worse by multiple lawsuits from landlords who accused Knotel of breaking profit-sharing agreements. They furloughed or laid off 50% of their employees over the course of t.
Loves Furniture
Loves Furniture was only a year old when it filed for bankruptcy on January 11, having been created in 2019 to take over the stores vacated by Art Van Furniture after their bankruptcy and liquidation. With too much furniture on hand and not enough cash, the Northeast furniture retailer will be restructuring, liquidating some inventory and shutterin.
Paper Source
People didn’t send many cards in 2020. The greeting cards, stationary and paper goods company filed for Chapter 11on March 2, after a year of plummeting sales. Greeting card sales were declining before the pandemic hit, around 3% a year. Drug and grocery stores have been shrinking their greeting card sections, as people use text and email to catch .
Solstice
Solstice, the second largest sunglasses retailer in the U.S. filed for Chapter 11 on February 18 after 2020 sales dropped 50%, thanks to shuttered stores. The mall favorite accessories chain will reorganize with hopes of making its 66 stores and e-commerce business more profitable.
Was 2020 the worst year for bankruptcies in a decade?
2020 was the worst year for bankruptcies in a decade, when the aftermath of the financial crisis tanked Blockbuster and Hummer
As of September, upwards of 80 companies had already filed for Chapter 11 as a result of the pandemic and its impact on our erratic, cash-strapped shopping habits and the global supply chain
What happened to retail bankruptcies last year?
The pace of bankruptcies in retail hit a high-water mark last year, after years of elevated filings that tracked with a major shakeout in the industry
In the years leading up to 2020, those retailers that were forced to reorganize, sell themselves or liquidate entirely were typically the heavily indebted, often from private equity buyouts
Will retail bankruptcies flare up again in 2023?
With retailers facing old challenges in addition to combating newly rising prices and a pullback in consumer spending, some reports indicate that retail bankruptcies may flare up once again in 2023
In this report, we dig into 154 recent bankruptcies starting in 2015 and the reasons behind them
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a retail apocalypse by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a retail apocalypse by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
