article thumbnail

US bankruptcy wave may stretch into 2024, but pace could slow

Collection Industry News

Dec 13 (Reuters) – The retail sector could continue to lead U.S. bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to offer some respite in the second half of 2024. There have been 591 U.S. There have been 591 U.S. Riley Wealth, said.

article thumbnail

Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Collection Industry News

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

April Mason Appointed Office Managing Partner in Birmingham

Burr Forman

Mason practices in Burr & Forman’s corporate and tax practice group, representing clients in connection with a broad range of business matters, including mergers and acquisitions, financing, corporate governance, franchising and antitrust. She has earned numerous accolades within the industry.

article thumbnail

Explained: The Adrenaline-Driven Rise to GameStop Stock

Credit Corp

GameStop, a dying video game retailer, has blown past epic proportions to the point of hitting all-time highs in the stock market. Before its euphoric rise, GameStop was on a slow demise to bankruptcy, as it faced significant challenges to its business model from the internet. That’s a ~1700 percent increase!

Trade 134
article thumbnail

Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

Leisure and retail property vacancy rates also remain above pre-pandemic levels, Local Data Company figures show, at 10.6% Footfall at UK retail destinations is down around 15% on average in 2022 compared to 2019, according to Springboard data. . respectively. But the government’s Sept.

Retail 40