May 04, 2009 -
Another retailer can be added to the growing list of recession victims. Filene's Basement filed for Chapter 11 bankruptcy protection today, citing slow sales and tough competition from other discount stores like T.J. Maxx.
- 5 Comments
Mar 09, 2009 -
Ever wonder what happens to a restaurant after Gordon Ramsay whips the staff into shape and redesigns the dining room on Fox's Kitchen Nightmares? Well according to Scottish newspaper, the Herald, more than half of the eateries have closed or been sold. Of the 20 restaurants that were featured on the US version of KN, 10 are now closed; 12 out of the 22 UK establishments faced the same grim fate.
- 20 Comments
Mar 04, 2009 -
Rumor has it that Blockbuster is looking into bankruptcy as a possibility, which doesn't come as a huge surprise given the many other movie-renting options out there (not to mention the withering state of consumer confidence). Still, the blue and gold movie house has been around for some time. Would you miss it?
- 30 Comments
Feb 17, 2009 -
This episode of Maxed Out is about Jessica and Greg, a couple who just can't grasp financial responsibility. They declared bankruptcy separately before they were married, and as parents of one-year old twins and a six-year old they are on the brink of declaring bankruptcy together. Their $55,000 of debt is overwhelming their relationship and dissolving their dreams of home ownership, and even though they earn a combined annual salary of $120,000, they are always one payment behind on all of their bills.
- 21 Comments
Feb 16, 2009 -
Not surprisingly, the Virginia based Peanut Corp. of America filed for bankruptcy last Friday. The company, which has been accused of producing the salmonella tainted peanut products, filed Chapter 7 to liquidate their assets.
- 11 Comments
Jan 26, 2009 -
Although the fifth season of Hell's Kitchen debuts this Thursday on Fox, Gordon Ramsay's empire may be crumbling. According to the New York Post, the celebrity chef's company is "finding life pretty tough at the moment."
In the past couple of months the celebrity chef has faced many challenges.
- 7 Comments
Jan 25, 2009 -
If you weren't convinced the first time I mentioned that Circuit City's liquidation sales aren't offering unbeatable prices, take it from ABC Action 6 News. The news team investigated the prices at the going-out-of-business chain and discovered that the liquidators are doing a good job and making as much money as possible, so that Circuit City can pay back its creditors. Below are some of the discoveries the team made.
- 13 Comments
Jan 19, 2009 -
The road has come to an end for Circuit City. The electronics chain filed for bankruptcy in November of 2008 and is now facing the same fate as Linens 'n Things — liquidation. All merchandise must go in the remaining 567 stores, and unfortunately that means more than 30,000 will likely lose their jobs.
- 6 Comments
Jan 12, 2009 -
In the last six months, we've witnessed many brands — for some reason in particular, cookie labels — go kaput. We're barely into the new year, and at least one source predicts that media companies will be going next, and food publications won't be excepted.
New York financial media company 24/7 Wall St.
- 18 Comments
Dec 18, 2008 -
The economy continues to tumble, yet there's no end in sight when it comes to the pattern of reviving extinguished store-bought cookie brands. Following the rebirth of Mother's cookies by Kellogg's, snack company Lance is bailing out Archway, the sister company to Mother's that also collapsed this October. Before its demise, Archway was known nationwide for its soft-batch cookies in various flavors such as oatmeal and nougat.
- 16 Comments
