Lucky Brand, a Los Angeles-based retailer filed for Chapter 11 bankruptcy protection Friday AP News. According to Lucky Brand, the apparel retailer is blaming its problems partly on the coronavirus pandemic. It said that it will close 13 stores right away and more could be closed during bankruptcy proceedings. Lucky Brand announced that it has reached a […]
Tag: Bankruptcy
GNC Closing up to 1,200 Stores after Filing for Bankruptcy
CNN reported that GNC, an 85-year-old vitamin- and dietary supplement manufacturer, has filed for bankruptcy and closed up to 25% of its stores. The retailer is in dire need of a buyer as it has almost $1 billion in debt. GNC has seen declining sales at brick-and-mortar stores since the outbreak of coronavirus. CNN reported that GNC has been […]