Limited connectivity, so one post:
Bloomberg report: holiday slump to force closings and bankruptcies; expect a lot of activity in February
Lincoln Logs, an upstate New York home manufacturer (not the toy), to be sold at auction following a failed reorganization
DHP Holdings, parent of Desa Heating, filed chapter 11, plans to wind down operations
Flooring product retailer iFloor filed for Chapter 11 bankruptcy and trimmed staff by 60 percent. The company, which operated 35 stores in addition to an ecommerce presence, fell short in fundraising efforts. iFloor is selling existing inventory and assessing whether the company can continue to operate.
It's harder to quantify the retail impact of a company closing a factory, but a shuttered plant certainly affects product supply and consumer spending, so it's worth noting the numerous shutdowns announced this week:
These are all fairly small closings (the biggest will affect 400 people; the main auto workers' union has 139,000 members), but they point to cautious companies and lower consumer spending from the recession.
