2 Joann Fabrics Stores Closing in Montgomery County
Two Joann fabric and craft stores in Montgomery County are among the roughly 500 in the U.S. slated to be permanently closed. Marylanders who look to Joann Fabrics for their… Read More
bankruptcy
Guitar Center Expects to Emerge From Bankruptcy By Year’s End
UPDATE Guitar Center in Silver Spring will close as of Jan. 3, according to a statement from the company. “As part of our ongoing business processes and after careful consideration,… Read More
Guitar Center Files for Bankruptcy
Guitar Center filed for Chapter 11 bankruptcy to reduce company debt by approximately $800 million, according to a company press release last week. The California-based company entered a comprehensive Restructuring… Read More
Retailers Lord & Taylor, JoS. A. Bank’s Parent Company Declare Bankruptcy
Struggling to turn a profit amid the coronavirus pandemic, two more major retailers have filed for bankruptcy. Lord & Taylor, America’s first high-end department store, and Tailored Brands, the parent… Read More
Chuck E. Cheese Files for Bankruptcy; Gaithersburg Location Closes Permanently
The Chuck E. Cheese in Gaithersburg has closed permanently. The news comes as Chuck E. Cheese’s parent company, CEC Entertainment, announced in a statement Thursday it was filing for Chapter… Read More
J.Crew Files for Bankruptcy
J.Crew Group, which operates several clothing stores in the Washington, D.C. area, has filed for bankruptcy in an attempt to restructure its debt. In Montgomery County, J.Crew has a store… Read More
Boy Scouts File for Bankruptcy After Lawsuits, Montgomery County Troops Unaffected
The Boy Scouts of America (BSA) filed for bankruptcy Tuesday in the midst of hundreds of sexual abuse lawsuits from former scouts who say they were abused by leaders. This… Read More
Bar Louie Closes in Wheaton, Rockville After Bankruptcy Announcement
Bar Louie’s Rockville and Wheaton locations are among the chain’s 38 locations to close over the weekend. A statement released by Bar Louie on Monday confirmed that the organization has… Read More
Nothing Lasts Forever: Two More Impending Closures at Lakeforest Mall
Forever 21 and F.Y.E will be closing at Lakeforest Mall in Gaithersburg. Forever 21 is expected to close 111 locations in the U.S. after filing for bankruptcy in September. The fast-fashion retailer released… Read More