Katy Industries, Inc. Enters into Asset Purchase Agreement for the Sale of Substantially All of Its Operations and Assets to Create a Sustainable Financial Structure
Files Voluntary Chapter 11 Petitions to Facilitate Sale with a Commitment for $7.5 million in DIP Financing to Support Operations
Tidewater Announces Entry Into Restructuring Support Agreement With Certain Lenders And Noteholders
The Company and certain of its subsidiaries expect to file chapter 11 cases in Delaware by May 17, 2017 to implement the Prepackaged Plan
J. C. Penney Company, Inc.announced financial results for its fiscal first quarter ended Apr. 29, 2017
Comparable store sales were (3.5) % for the quarter
Trucking Industry’s Tale of Woe: Too Many Big Rigs
A glut of used heavy-duty trucks means some long-haul carriers are ‘upside down’ on their rigs, owing more than the trucks are worth
Amid Brick-and-Mortar Travails, a Tipping Point for Amazon in Apparel
If there are tipping points in retail — moments when shopping behavior swings decisively in one direction — there’s a strong case to be made that apparel is reaching one now, with broad implications for jobs, malls and shopping districts.