Less than 18 months after exiting bankruptcy, Payless ShoeSource has reportedly lined up an advisor to help mull over strategic alternatives, including a possible sale. According to a report from Reuters, citing people familiar with the matter, the affordable footwear retailer hired investment firm PJ Solomon as it continues to struggle amid digital disruption and…
Cleaning Up airs every Wednesday on ITV at 9pm. The drama stars Sheridan Smith as Sam, a single mother who is a cleaner on a zero hours contract in Canary Wharf, London. Sam is in debt and has separated from her husband, Dave (played by Matthew McNulty) and one of the reasons behind their split…
UPDATE: A list of stores that will be closing is now available here. Quincy (WGEM) Shopko, which, operates a store at 3200 Broadway in Quincy, announced Wednesday that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. In a new release,…
Eddie Lampert, the billionaire hedge fund manager who served as CEO of Sears from 2005 until the company filed for bankruptcy in 2018, was responsible for many of the decisions that led to the companys decline and eventual insolvency. Now hes pulling Sears back from the brink of liquidation and saving himself from liability according…
GREEN BAY, Wis. UPDATE: Shopko released the latest list of store closings Wednesday. Stores in Bloomfield, Iowa and Memphis, Missouri are scheduled to close April 15. Additional Iowa closings include Burlington, Fort Madison, Estherville, Webster City, Cherokee, Clarinda, Vinton, Hampton, Onawa and Eldora. In Missouri, additional store closings include Albany and Carrollton. ————————————————- Shopko, which…
A Perth family has warned homeowners about the importance of research after a botched renovation left them with a damaged house and a massive clean-up bill. Tamara Van Kerkof and Jason Williamson had been waiting years to be able to afford a renovation on their modest Perth hills home. But that dream turned into a…
Shopko announced on Wednesday, January 16, 2019, that it has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. Chapter 11 allows a company to restructure its finances under court supervision. In a release announcing the filing, Shopko said the restructuring is necessary because of excess debt and ongoing competitive pressures. The company…
GREEN BAY, Wis., Jan. 16, 2019 /PRNewswire/ –Shopko (“the Company”), a leading operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., today announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The…
We all need some financial help sometimes, because debt sucks. Our money expert helps navigate our wallet through the government shutdown. Published: 8:39 AM EST January 16, 2019 … Read the full article at: https://www.wfmynews2.com/video/money/debt-sucks-tips-to-help-you-survive-the-government-shutdown/83-97baf1df-bf20-48da-a0fd-c706bba1ff55
SHERIDAN Smiths ITV drama Cleaning Up is based on the shocking real-life story of a gambling addict mother who racked up 70,000 worth of debts. The new series that started on January 9 shows mum Sam, played by 37-year-old Smith, working as an office cleaner while trying to pay off her debts due to a…