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Bankruptcy

What happens after a mall defaults on its loans?

by Marielle Segarra
Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Screen shot PREIT marketing materials
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COVID-19

Retail decline continues with bankruptcies and closures sped up by pandemic

by Justin Ho
Sep 29, 2020
Many retailers rely on robust holiday sales to boost the year's bottom line. Thanks to COVID-19, good luck with that.
A pedestrian walks past a permanently closed Jos. A. Bank clothing store in August in San Francisco. Tailored Brands, the parent company of Jos. A. Bank and Men's Wearhouse, is one of 29 big retailers to file for bankruptcy this year.
Justin Sullivan/Getty Images
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COVID-19

Businesses, insurers want federal backstop to interruption insurance

by Kimberly Adams
Sep 11, 2020
Retailers like Century 21 are blaming unpaid insurance claims for their bankruptcies.
A Century 21 department store in lower Manhattan on Sept. 10. The company blamed its insurers for its bankruptcy.
Spencer Platt/Getty Images
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What do the mall owners Simon and Brookfield see in J.C. Penney?

by Marielle Segarra
Sep 10, 2020
They can't let the retailer fail.
A closed J.C. Penney store at a mall in San Bruno, California. The retailer is an anchor store in a lot of malls.
Justin Sullivan/Getty Images
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Lord & Taylor's final sale: Who will buy all that real estate?

by Marielle Segarra
Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images
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COVID-19

Bankruptcies among larger businesses highest since just after Great Recession

by Mitchell Hartman
Aug 12, 2020
The situation for small and medium-sized businesses is probably even worse.
A shop closing down soon in Santa Monica, California. More businesses are going bankrupt this year in the midst of the coronavirus pandemic.
Valerie Macon/AFP via Getty Images
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COVID-19

As J.C. Penney liquidates merchandise, other retailers scramble to compete

by Andy Uhler
Jun 24, 2020
Department stores have to move inventory quickly, and that can be tough if there's a liquidation sale going on next door.
J.C. Penney filed for bankruptcy in May.
Justin Sullivan/Getty Images
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COVID-19

COVID-19 pushes business bankruptcies higher in an already tough year

by Sabri Ben-Achour
Jun 19, 2020
The government support provided at the beginning of the pandemic was meant to be temporary, but companies are still suffering.
A "Store Closing" sign on a Pier 1 in Chicago.
Scott Olson/Getty Images
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Companies are borrowing like crazy, even though their incomes are down

by Justin Ho
May 28, 2020
For some, borrowing's a lifeline. For others, it's a bargain.
A Hertz car-rental office in New York. The company filed for bankruptcy after amassing $19 billion in debt.
Cindy Ord/Getty Images
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COVID-19

Here comes the bankruptcy wave

by Kimberly Adams
May 14, 2020
Experts expect more business and personal bankruptcies as the economic crisis intensifies.
A temporarily closed J.Crew store in New York. The chain went bankrupt this month.
Angela Weiss/AFP via Getty Images
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