Showing 73 to 84 of 119 results
Record US Retail Store Closures in 2024
Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.
Record US Retail Store Closures in 2024
Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.
Progress
52% Bias Score
Folli Follie Restructuring Jeopardized by Asset Freeze
Folli Follie, under provisional administration since 2020, aims to complete its restructuring in 2024, projecting €60 million in turnover and €22 million in operating revenue; however, a court decision to unfreeze €35 million in assets was overturned, jeopardizing its future.
Folli Follie Restructuring Jeopardized by Asset Freeze
Folli Follie, under provisional administration since 2020, aims to complete its restructuring in 2024, projecting €60 million in turnover and €22 million in operating revenue; however, a court decision to unfreeze €35 million in assets was overturned, jeopardizing its future.
Progress
48% Bias Score
Heerenveen Plastic Recycling Plant Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen plastic recycling plant converting waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving substantial funding, including seven million euros from the Provincial Sustainability Fund.
Heerenveen Plastic Recycling Plant Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen plastic recycling plant converting waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving substantial funding, including seven million euros from the Provincial Sustainability Fund.
Progress
52% Bias Score
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Progress
48% Bias Score
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
2024 Bankruptcy Wave: Inflation and Shifting Trends Hit Retail Hard
In 2024, decreased consumer spending due to inflation and evolving trends caused at least 19 companies, including Big Lots, Party City, and Red Lobster, to file for bankruptcy, resulting in over 14,000 job losses and more than 7,100 store closures by November.
Progress
40% Bias Score
Party City Closes All Stores, Ending 40-Year Run
Party City, the largest US party supply retailer, is closing all stores immediately, impacting approximately 16,500 employees and ending nearly 40 years in business due to insurmountable financial challenges related to inflation, decreased consumer spending, and competition from e-commerce.
Party City Closes All Stores, Ending 40-Year Run
Party City, the largest US party supply retailer, is closing all stores immediately, impacting approximately 16,500 employees and ending nearly 40 years in business due to insurmountable financial challenges related to inflation, decreased consumer spending, and competition from e-commerce.
Progress
44% Bias Score
Volocopter Files for Insolvency, Exposing Challenges for German eVTOL Sector
German flying taxi startup Volocopter filed for insolvency on December 26th, 2024, after failing to secure funding, highlighting challenges faced by German eVTOL companies compared to heavily subsidized Chinese and US competitors, and prompting debate about German government support for startups.
Volocopter Files for Insolvency, Exposing Challenges for German eVTOL Sector
German flying taxi startup Volocopter filed for insolvency on December 26th, 2024, after failing to secure funding, highlighting challenges faced by German eVTOL companies compared to heavily subsidized Chinese and US competitors, and prompting debate about German government support for startups.
Progress
44% Bias Score
Dutch Plastic Recycling Company Blue Cycle Files for Bankruptcy
Blue Cycle, a Heerenveen plastic recycling company that converted waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the Friesland province's sustainability fund.
Dutch Plastic Recycling Company Blue Cycle Files for Bankruptcy
Blue Cycle, a Heerenveen plastic recycling company that converted waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the Friesland province's sustainability fund.
Progress
44% Bias Score
Dutch Plastic Recycling Company Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen-based company that converted plastic waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the provincial sustainability fund.
Dutch Plastic Recycling Company Blue Cycle Declares Bankruptcy
Blue Cycle, a Heerenveen-based company that converted plastic waste into oil, declared bankruptcy due to higher-than-expected costs and delays, despite proving its technology and receiving €7 million from the provincial sustainability fund.
Progress
40% Bias Score
Container Store Files for Bankruptcy Amid Retail Downturn
The Container Store, facing $230 million in debt and declining sales, filed for Chapter 11 bankruptcy protection on Sunday; the company plans to restructure and remain operational during a 35-day process, receiving $40 million in new financing.
Container Store Files for Bankruptcy Amid Retail Downturn
The Container Store, facing $230 million in debt and declining sales, filed for Chapter 11 bankruptcy protection on Sunday; the company plans to restructure and remain operational during a 35-day process, receiving $40 million in new financing.
Progress
40% Bias Score
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
2024 Bankruptcy Wave: Inflation, Shifting Trends Trigger Over 14,000 Job Losses
In 2024, decreased consumer spending due to inflation and evolving trends led to at least 19 company bankruptcies, resulting in over 14,000 job cuts and more than 7,100 store closures, impacting various sectors including retail, restaurants, and home goods.
Progress
44% Bias Score
Party City Files for Second Bankruptcy in Less Than Two Years
Party City, the nation's largest party supply chain, filed for Chapter 11 bankruptcy on Saturday, its second in less than two years, after announcing store closures starting February 28th and impacting approximately 12,000 employees; about 95% will be retained through the wind-down process; stores w...
Party City Files for Second Bankruptcy in Less Than Two Years
Party City, the nation's largest party supply chain, filed for Chapter 11 bankruptcy on Saturday, its second in less than two years, after announcing store closures starting February 28th and impacting approximately 12,000 employees; about 95% will be retained through the wind-down process; stores w...
Progress
36% Bias Score
Showing 73 to 84 of 119 results