After bankruptcy, retail chain liquidates stores, seeks buyer
The company has already begun its liquidation sales, but it continues to seek alternative solutions.
A number of retailers have gone right to the brink of extinction and managed to find a way to keep operating at the last minute. Bed Bath & Beyond, for example, flirted with closing down many times before it actually happened.
Even then, the retailer barely left the stage before it was purchased by Overstock.com and brought back in a digital-only form.
Related: Iconic retail chain closing nearly 500 stores
Over the past 12 months, multiple chains have filed for bankruptcy, reached a deal to survive, and then quickly fell back into bankruptcy. Party City and Joann, for example, both went down that path.
The two chains survived a bankruptcy only to quickly file again and end up being liquidated.
In other cases, a bankruptcy court judge decided that a buyout offer for a company, while not perfect, was better than allowing the chain to close. That happened to David's Bridal, which was about to liquidate when the ruling gave it a second life.
