Fashion designer Mary Norton filed for bankruptcy last week, citing "harsh economic conditions." Mary Norton's stores, in Charleston, New York and Los Angeles, have all closed, a few weeks after holding extensive clearance sales. The company had also sold its fashions in an assortment of boutiques and at Saks Fifth Avenue.
chapter 11: July 2009 Archives
Beleaguered southwestern grocer Bashas' filed for Chapter 11 bankruptcy protection Sunday night in an attempt to continue operations. The company announced 10 new store closings alongside the filing. Bashas' owns the Food City and AJ's Fine Foods chains in addition to its namesake, a total of 158 stores.
Bashas' made headlines less than two weeks ago with several store closings. The chain first began closing locations in February in an effort to improve profitability.
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The U.S. unit of specialty retailer Crabtree & Evelyn filed for Chapter 11 bankruptcy this morning, citing economic conditions. The company, which sells popular soaps and other products, has 126 stores across the country. Crabtree & Evelyn plans to work on rent reductions at existing locations and will close an unspecified number of stores.
