The Biggest Business Bankruptcies of 2018
Written by Julianne Parker, Bankruptcy Attorney
The Biggest Business Bankruptcies in 2018
Brick and mortar stores are facing tough times in trying to compete with online retailers. Here’s a look back at some of these retailers who filed for bankruptcy in 2018.
Sears – Sears Holdings (owner of Sears and Kmart) filed for bankruptcy and planned to close 182 unprofitable stores.
Toys R Us – The 70-year-old toy seller closed all 735 of its US stores as part of its bankruptcy.
David’s Bridal – The wedding dress retailer filed for bankruptcy at the end of 2018, hoping to restructure its debt.
Brookstone – The gadget retailer filed for bankruptcy in August, citing declining shopping mall traffic as one of the causes. It plans to close its remaining 101 mall stores.
Mattress Firm – This mattress retailer filed for bankruptcy and stated it would close up to 700 stores. The retailer still has 2600 stores that remain open.