Chapter 11 Filings Are Up 43 Pct YOY
PYMNTS
JULY 2, 2020
Penney and home-goods retailer Pier 1, along with telecommunications company Frontier Communications. The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.
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