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.