Brookstone Files for Chapter 11 Bankruptcy, Will Close All Remaining U.S. Mall Stores

Merrimack, N.H. — Brookstone Co. Inc. has filed for bankruptcy and will close its remaining 101 mall locations. The Merrimack, N.H.-based retailer filed for Chapter 11 protection on August 2, 2018, the second time it has done so in the last 5 years. The company first filed for bankruptcy in 2014 and was sold to a Chinese investment group for more than $173 million. The retailer cited the “extremely challenging” retail environment at malls as a factor in its struggles.

Toys ‘R’ Us Files for Chapter 11 Bankruptcy Protection

Wayne, N.J. — Toys ”R” Us Inc. filed for Chapter 11 bankruptcy protection on September 18, 2017. The company’s Canadian subsidiary also plans to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act (CCAA) in the Ontario Superior Court of Justice.

Payless ShoeSource Emerges From Chapter 11

Topeka, Kan. — Payless ShoeSource has successfully emerged from its Chapter 11 restructuring as the Number 1 specialty footwear retailer in the U.S. and one of the largest in the world with about 3,500 brick-and-mortar stores. Following the completion of the company's restructuring, Paul Jones will retire as CEO.

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