Pharmacy giant Rite Aid faces an onslaught of lawsuits over its alleged role in the opioid epidemic and plans to file for bankruptcy protection. Here’s What Happened Rite Aid Corp (RAD.N) is preparing to file for bankruptcy in coming weeks to address lawsuits the drugstore chain is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar … Continue reading Rite Aid Prepares For Bankruptcy
A Burger King franchise, mainly in the mid-west, is closing its doors and has filed for bankruptcy because of ‘unforeseen business circumstances.’ Bye-Bye Burger King – Sadly, Hello Bankruptcy A Burger King franchise is closing 27 restaurants across seven states, and nine of those restaurants are in Utah, according to court documents. The restaurants are set to close in Utah, Montana, Wyoming, Minnesota, Kansas, Nebraska, and North … Continue reading Good-Bye Burger King, Closing in These 7 States
David’s Bridal filed for bankruptcy on Monday just days after announcing plans to lay off more than 9,000 workers nationwide later this year. Well Known Bridal Store Files for Bankruptcy David’s Bridal, newly bankrupt, is seeking an eligible buyer. The company said it has been hurt by a range of factors, including inflation and competition from online retailers and secondhand retailers. A shift to more casual weddings … Continue reading David’s Bridal Declares Bankruptcy
Bed Bath & Beyond added more stores to its list of store closings, which previously included roughly 120 locations facing cuts. Bed Bath & Beyond Has Seen Better Days Bed Bath & Beyond has had a rocky road the past several years, which some analysts look to as a bellwether for other poorly performing retailers in similar spaces. The housewares giant reported a loss of about $393 million after … Continue reading Bed Bath & Beyond Closing 87 More Stores
Bed Bath & Beyond is on the brink of going bankrupt because of lower consumer traffic and reduced inventory levels. Dancing With Bankruptcy After 52 years in business, market experts predict that popular home retailer Bed Bath & Beyond is expected to file for bankruptcy by the end of January. On Thursday, Bed Bath & Beyond said it expects net sales of approximately $1.259 billion, down 33% … Continue reading Bed Bath & Beyond on Brink of Bankruptcy
According to Financial expert George Gammon, the Federal Reserve is on the brink of bankruptcy. Federal Reserve Money Problems Financial expert George Gammon says that the Federal Reserve has been “selling assets at a loss, and this, combined with increasing interest rates, will only make matters worse.” He also warns that an accounting gimmick called deferred assets makes it seem like the Fed isn’t insolvent, … Continue reading Federal Reserve On Brink of Bankruptcy?
