The Wall Street Journalreports that although gyms are now re-open, the Pandemic upended the fitness industry. The first is the companys recently redeemed $125 million in senior notes due The second is adeal with Microsoft to obtain a cut of all digital game purchases through gaming consoles that it sells. How to File a Lawsuit Against LA Fitness. You can also send an email via the Contact Us portion of our website. Mobile Arbeit und regionale Feiertage was gilt? The ranking is based on the timing of bankruptcy filing. Dave & Busters Can the Entertainment Company Get People Back? Citing people familiar with the matter, Bloomberg reports that the fitness chain is mulling raising new capital and negotiating with lenders to work out an agreement that would help the company navigate the . Breaking the Link New Developments on U.S. Visas for F and M Students Can Now Be Issued 365 Days Ahead of Program Start Date. This copy is for your personal, non-commercial use only. Still, can a brick-and-mortar retailer accomplish such a pivot without a bankruptcy filing? GT's The Performance Review Episode 19: Is the Fight Over AB 51 5 Reasons Community Associations Need an Attorney That Specializes in New York Proposes Regulatory Review and Approval of Material Health CMS Issues Long-Awaiting Medicare Advantage RADV Final Rule, Preventing the Use of Cryptocurrencies to Evade Sanctions. CNBCreports that Regals re-opening of approximately 500 locations on April 2 to limited capacity was a significant decision for the theater chain. 24 Hour Fitness is a privately owned and operated fitness center chain headquartered in Carlsbad, California.It is the second largest fitness chain in the United States based on revenue after LA Fitness, and the fourth in number of clubs (behind LA Fitness, Anytime Fitness & Gold's Gym), operating 287 clubs across 11 U.S. states. You need a Statista Account for unlimited access. Other industries with the greatest volume of filings in 2021 included construction and supplies . NLRB Places New Limitations on Confidentiality and Non-Disparagement Settlement Will Benefit Many Aging-Out Children in the Green Card SEC Commissioner Discusses Reform to Regulation D, Massachusetts AG Settles Enforcement Action Against Auto Lender. We have referred to several online sources to come up with the biggest fitness bankruptcies of 2020. Delaware-based Cyc Holdings, the owner of the indoor cycling chain Cyc Fitness, filed for Chapter 11 bankruptcy protection on October 14. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. dollars)." a ch H Lang District H Lang, Cao Bang S in thoi:. Can it weather this storm? Most of the financially rocky and hardest hit companies had already gone under. Ancient Antioch Survived Many Disasters in Its 2,400 YearsTurkeys Earthquake Obliterated It, Opinion: Yes, Theres a Housing Crisis. EPA Releases Proposed Approach for Considering Cumulative Risks under Revised Colorado Privacy Act Rules Adopted for Review by Colorado AG. Notable bankruptcies have come from the usual suspect industries, such as oil & gas and retail. The National Law Review is a free to use, no-log in database of legal and business articles. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. Justice and Commerce Departments Announce Creation of Disruptive United States Department of Justice (DOJ), Biden Executive Order 14091 Strengthens Equity for Federal Agencies. Retail Divereports that declines at Banana Republic and Gaps persist, while Old Navy and Athleta continue to balance the losses. In June, 32 new corporate bankruptcy cases were filed, a slight uptick from the 27 filed in May but less than half of the 71 filings in June 2020, according to S&P Global Market Intelligence data. Club Industry. Licenses for Exports to Are You Ready for the UPC? AG Clamps Down on Local Solar and Battery Storage Moratoria. HERE IT IS: The Czars HUGE Breakdown of the FCC NPRM is NOW Telehealth Update: DEA Issues Long-Awaited Proposed Rule on CFPB Provides Guidance on Auto Finance Data Pilot, Two Maui Men Sentenced for Racially Motivated Attack on White Man, US Executive Branch Update March 3, 2023, EPA Holds Third and Final TSCA Engineering Initiative Webinar. ", Club Industry, Health club industry companies by revenue in the United States in 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/922841/us-health-clubs-by-revenue/ (last visited March 04, 2023), Health club industry companies by revenue in the United States in 2020 (in million U.S. dollars) [Graph], Club Industry, October 11, 2021. The real estate sector led the charge in 2021, with more than 1,100 filings. Nine West Footwear Company Walking into a Chapter 22? Thomas S. Onder is a Shareholder and member of the Commercial, Retail and Industrial Real Estate, Litigation and Bankruptcy & Creditors Rights Groups of Stark & Stark. NLR does not answer legal questions nor will we refer you to an attorney or other professional if you request such information from us. Dec. 30, 2021 11:21 am ET | WSJ Pro. Michigan PFAS Challenge Arguments Briefed For The Court. LA Fitness generated over 900 million U.S. dollars in revenue in 2020. Employers Beware: Non-Disparagement and Confidentiality Covenants in Consultation Paper On Review of Corporate Governance Norms For A High Californias War On The Fast-Food Industry Continues. Although the company negotiated about $13 million in rent abatements in the fourth quarter of 2020 for the COVID-closure period, it may not be enough to avoid a filing. Hearkening back to the last major shock retailers faced . The largest childrens apparel retailer is on track to close more than 300 stores. So You're Green Prove It or Be Prosecuted: ACCC Sweep Finds 57 California Court of Appeal Addresses When Violations are Willful or Whats new in Belgium on the employment front? Louisiana (eff 8/4/2021 until 9/1/2021 unless modified) 13. Under Chapter 7 of U.S. Bankruptcy Code, "the company stops all operations and goes completely out of business. Mr. Onder is a member of the International Council of Shopping Centers (ICSC) and concentrates his practice in the area of commercial litigation, specializing in commercial landlord You are responsible for reading, understanding and agreeing to the National Law Review's (NLRs) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. About 22% of all participants with medical debts said the amount they owe falls within these thresholds. Retailers that might have chugged along for years filed as they ran into liquidity shortages or faced eviction over unpaid rent. In the years leading up to 2020, those retailers that were forced to reorganize, sell themselves or liquidate entirely were typically the heavily indebted, often from private equity buyouts. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. Already this year, some companies have come up short, and more are likely to follow. You need at least a Starter Account to use this feature. EXPOSED: Does a New NCLC Ex Parte Filing Expose Their True Agenda to Little Weight Given to Conclusory Expert Declaration That Repeats IPR Department of Homeland Security Provides Information Related to EB-5 PTAB: Vidal Refocuses Guidance On Fintiv Factors And Discretionary Aluminum Is Now A Hot Topic In Supply Chain And Trade. Bloombergnoted in February 2021 that the company reached a deal that released it from a limited guarantee of SoulCycles $265 million credit facility with lender HPS Investment Partners. In a recent LA Fitness employee lawsuit, the plaintiff argued that he suffered "permanent disability" due to the negligent actions of LA Fitness employees. The failure of Louisiana insurance companies in the aftermath of a major hurricane is not unprecedented. As measured by quarterly bankruptcy reports from the U.S. Courts, the number of farms filing under Chapter 12 increased 46 percent from 2014 to 2019. You may cancel your subscription at anytime by calling As soon as this statistic is updated, you will immediately be notified via e-mail. Currently, our team is providing value-added services to landlords in a number of Chapter 11 cases including: GNC, Stage Stores, Modells, 24 Hour Fitness, Sears, Guitar Centers, NPC, Toys R Us, Charming Charlie Part 2, and A&P. . GT's The Performance Review Episode 19: Is the Fight Over AB 51 5 Reasons Community Associations Need an Attorney That Specializes in New York Proposes Regulatory Review and Approval of Material Health CMS Issues Long-Awaiting Medicare Advantage RADV Final Rule, Preventing the Use of Cryptocurrencies to Evade Sanctions. Still, many think that the company has too many stores. The womens footwear company owned by Premier Brands Group Holdings previously filed for bankruptcy in 2018. Focus on Health Care Provider Bankruptcies. Confidentiality and Non-Disparagement Agreements with Non-Supervisory USCIS Confirms It Will Accept Employment-Based I-485 Applications New Jersey Enacts Bill of Rights for Temporary Workers, DOJ Implements Nationwide Voluntary Self-Disclosure Program. We are delighted that you'd like to resume your subscription. U.S. News & World Reportnotes that the companys long-term debt increased from 1.24 billion to 2.21 billion in 2000 due to the Pandemic. BIPA ALERT: Illinois Supreme Court Opens the Door to Punitive, President Biden to Nominate Julie Su as New Secretary of Labor, The European Unitary Patent: Why Retailers Should Care, New York City Employers Prepare for AI Bias Law [VIDEO], Administration's WOTUS Rule Muddies Jurisdictional Waters. Retail companies are still under strain. However,the Motely Foolreports two steps in the right direction. Bestseller selects Nedap for Vero Moda RFID roll-out, Interface Unveils New Brand Identity to Reinforce Customer-Focused Innovation, Only 12% of Merchants Achieve Consumer Financing Approval Rates of 80% or Above, By signing up to receive our newsletter, you agree to our. Body Tek Fitness Inc. filed for voluntary Chapter 11 bankruptcy protection April 19 in the Southern District of Florida. Still, the heavy back rent, multiple locations, and other debt issues make the gym a perfect candidate for a Chapter 11 restructuring. On April 30, 2021 (the "Petition Date") Burn Fitness, LLC filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.The Debtor's case was assigned case no. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional. According to theBusiness Insider, a recent filing with the SEC stated that the company may seek a restructuring under the protection of applicable bankruptcy laws if its unable to raise sufficient additional capital. Although the company had 700 locations at the end of the second quarter, it is now closing roughly 20% (140 stores) by the end of this year. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. . The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Free Speech Shines Bright, Illuminates Patent Owners Right to Allege California Supreme Court to Address Rounding of Employee Time. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. Expanding Regulatory Reach over Intermediaries That May Constitute How to Value Digital Assets for Donation to Charity. The company looks poised for a Chapter 22 filing a second Chapter 11 bankruptcy within a few years of the first filing. After rapid leadership shakeup and significant debt, a ransomware attack and the pandemic followed, leading to Alex and Ani filing bankruptcy. Adems, este ao ha recibido 24,5 millones de euros de financiacin de Cofides para apuntalar su negocio y expansin en Espaa, donde a principios de 2022 culmin una inversin de 3,8 millones de . Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. The company recently hired a real estate consulting firm to assist in lease re-structuring. The ideal entry-level account for individual users. National gym chain 24 Hour Fitness has filed for bankruptcy, after the Covid-19 pandemic forced its facilities shut for months. Licenses for Exports to Are You Ready for the UPC? Barnes and Noble A Book Store in Amazon Economy. Barnes and Noble Can It Survive? However, the bankruptcy rate remains lower than the rates observed throughout the 1980s and 1990s. Regal Entertainment Group Will Moviegoers Return? VC funding in retail declined in 2022, and a slew of layoffs in 2023 paints a bleak picture. Register in seconds and access exclusive features. Although the company adjusted its credit line, cut expenses, and suspended dividend payments to save money, has also closed at least 250 Victorias Secret stores. The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say, https://www.gettyimages.com/detail/news-photo/james-valenti-miss-new-jersey-teen-usa-2014-valentina-news-photo/478920859?adppopup=true, close all of its New York City studios in April, Eugene Gologursky/Getty Images for Flywheel, John Nacion/SOPA Images/LightRocket via Getty Images. However, wind-downs are usually contingent upon concessions from landlords. Text. . So You're Green Prove It or Be Prosecuted: ACCC Sweep Finds 57 California Court of Appeal Addresses When Violations are Willful or Whats new in Belgium on the employment front? LA Fitness International LLC is weighing options including a capital raise to ease its roughly $1.7 billion debt load and keep its gyms operating during the pandemic, according to people with . Andrew Scurria. Although the $10 million received from the PPP (Paycheck Protection Program) kept the company alive, it is doing everything it can to cut costs. Its Here The New National Cybersecurity Strategy. Chart. But there are still many unknowns in the year ahead. California Law May Limit Hospitals Ability to Adopt The Joint Ankura CTIX FLASH Update - February 28, 2023, Ankura Cyber Threat Investigations and Expert Services. Bankruptcies in the United States increased to 13481 Companies in the fourth quarter of 2022 from 13125 Companies in the third quarter of 2022. Destination XL Destination Chapter 11. Bankruptcies in Australia decreased to 175 Companies in January from 604 Companies in December of 2022. BIPA ALERT: Illinois Supreme Court Opens the Door to Punitive, President Biden to Nominate Julie Su as New Secretary of Labor, The European Unitary Patent: Why Retailers Should Care, New York City Employers Prepare for AI Bias Law [VIDEO], Administration's WOTUS Rule Muddies Jurisdictional Waters. in May and 24 Hour Fitness Worldwide Inc. filed for bankruptcy in June. Here are all the companies that have gone bankrupt since the pandemic began. AMC When Was the last Time You Went to the Movies? Across the board, retailers have faced tremendous disruptions to business in 2020. GameStop Too Little Too Late? A bankruptcy seems inevitable. That can mean a lot of things, but it includes bankruptcy. February 2023 - Tuesday Morning. The bankruptcy of Purdue Pharma was already political before a handful of Senate Democrats argued that its CEO shouldnt get a bonus the drugmaker wants to give. Office Depot A Shift to IT Services. $ + tax Although this should avoid a bankruptcy by the end of the year, the question is how long after the first of the year will the infusion get the chain? The Future of Stablecoins, Crypto Staking and Custody of Digital White House Climate and Environmental Justice Screening Tool. Mandatory Arbitration Agreements Remain Valid in California, Antitrust Practitioners Expect Activity With Climate Issues. "It Ain't Over 'Til It's Over" - Use Of A PTO Introduces Trademark Decisions and Proceedings Search Tool, FDA Issues Draft Guidance on Labeling of Plant-Based Milk Alternatives, Government Wins $43 Million Verdict in False Claims Act Case, BETO Will Host March 23 Listening Session on Next Billion-Ton Report. Despite buying its largest rival Gymboree, the company may not be able to avoid a Chapter 11 filing. October 11, 2021. Gold's Gym filed for Chapter 11 bankruptcy protection in May, shortly after the company announced it would shutter 30 locations that had been temporarily closed early on in the pandemic. According to personal bankruptcy statistics, 64% of people who file for bankruptcy are married. LA Fitness International LLC. So are all of its consumer habit-changing effects. A trustee is appointed to liquidate (sell) the company's assets, and the . 10 Retailers to Watch for a Bankruptcy Filing in the Second Half of 2021. 24 Hour Fitness says it hopes to reopen the majority of its locations by the end of June. 50% off + free delivery on any order with DoorDash promo code, 60% off running shoes and apparel at Nike without a promo code, Score up to 50% off Nintendo Switch video games with GameStop coupon code, How Chilis Is Prepping for Tough Times, Starting With the Fries, The Tax Play That Saves Some Couples Big Bucks, Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters. 2019 sales were 3% below the prior year and with more than half a billion dollars in debt. LA Fitness owns and operates health and fitness clubs that provide gym, pool, aerobics, spa, sun beds, cafe bar and personal training services. The carnage slowed but didn't stop in the fourth quarter and the beginnings of 2021. Around 18% and 20% owe $500-$1,000 and $2,500-$5,000 in medical bills, respectively. The gym has been sued in the past by several former or current employees, all with similar complaints of negligence. Subscribe to Retail Dive. According to theMotley Fool, despite the more than $917 million in cash infusion from the investors at the beginning of the year, there is still numerous obstacles for the movie theater company. The largest corporate bankruptcy in 2020 was Hertz Global Holdings Inc with $25.43 billion in assets when it filed, while 2021's has been offshore driller Seadrill Ltd, with $7.29 billion in . Town Sports International the parent company of New York Sports Clubs and Boston Sports Clubs, among a number of other fitness chains filed for Chapter 11 bankruptcy on September 14, citing pandemic-related difficulties. At the time, it reduced debt and sold the Anne Klein trademark. Employees. Previously, it announced plans to close more than 200 Gap and Banana Republic stores, with more to come. Telehealth Update: DEA Issues Long-Awaited Proposed Rule on Prescribing Controlled Navigating the FCC's Universal Service Program: Compliance Requirements for Service Providers, Financial Services: Use of Limitation-of-Liability Clauses in Fiduciary Relationships. LA Fitness. The Wall Street Journalreports that the privately held club obtained a $300 million loan from the governments Main Street Lending Program to try and weather the coronavirus pandemic. This fact, combined with the companys successful emergence a few years ago from Chapter 11 protection should keep them off the list. Federally Recognized Holidays, Employer Considerations for DOLs New AEWR Rule. Primary Industries. We have considered one 2021 bankruptcy as well. BREAKING DOWN THE PRIVACY ACT REVIEW REPORT #3: Removal of The Small White House Releases National Cybersecurity Strategy, Illinois High Court Rules Per-Scan Damages Can Be Awarded Under BIPA, Grassley-Wyden Bill Aims to Fix Broken Tax Whistleblower Law, Lessons Learned From 2022s Trade Secret Verdicts, Mass. In, Club Industry. Thomas S. Onder is a Shareholder and member of the Commercial, Retail and Industrial Real Estate, Litigation and Bankruptcy & Creditors Rights Groups of Stark & Stark. Modell's Sporting Goods was among the first retailers to file for bankruptcy when it announced in March that it would permanently close and liquidate all of its stores. Although vaccines are expected before the end of the year, the distribution will not likely be available to everyone until at least mid-2021. The debtor listed an address of 2214 N. Dixie Highway in Wilton Manors, and . According to New Generation Research, Inc.'s BankruptcyData.com, there were 6,691 commercial bankruptcy filings in 2021, compared to 11,375 in 2020 and 10,056 in 2019. According toShopping Center Business, Pet Valu announced a wind-down of its operations due to COVID-19. The bankruptcy comes one day after the company said it will close 100 locations nationwide. Waters of the United States and Winston Churchill. The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry including fitness and sporting goods. Bankruptcies driven by mass litigation defined 2021 as corporate defaults hit their lowest level in decades. Francescas An Imminent Filing? 21-43828 and is pending before the honorable Judge Mark A. Randon in the U.S. Bankruptcy Court Michigan Eastern District (the "Bankruptcy Court") Detroit division office. US Executive Branch Update March 2, 2023. Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Research expert covering sports and video gaming, Profit from additional features with an Employee Account. The National Law Review - National Law Forum LLC 3 Grant Square #141 Hinsdale, IL 60521 Telephone (708) 357-3317 ortollfree(877)357-3317. Yet, can the company weather the pandemic and will its customers return?According toForbes, its on the list of specialty retailers to watch for a Chapter 11 filing. No, You Cant Build Here, Opinion: About Those Free Tickets to Hong Kong, Opinion: Common Sense Points to a Lab Leak. Statement in compliance with Texas Rules of Professional Conduct. Arclight Cinemas and Pacific Theatres . Breaking the Link New Developments on U.S. 2021 Started Promising With a January Uptick in Visits. LA Fitness selling almost half its gyms and renegotiating rent on the remainder in bid for survival. The figures also show that only 9.2% of people who earn $60,000 per year go bankrupt. Friday, July 9, 2021 . HERE IT IS: The Czars HUGE Breakdown of the FCC NPRM is NOW Telehealth Update: DEA Issues Long-Awaited Proposed Rule on CFPB Provides Guidance on Auto Finance Data Pilot, Two Maui Men Sentenced for Racially Motivated Attack on White Man, US Executive Branch Update March 3, 2023, EPA Holds Third and Final TSCA Engineering Initiative Webinar. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. Forbesstill has it on its list of specialty retailers to watch for a Chapter 11 filing. On April 19, 2021 (the "Petition Date") Body Tek Fitness, Inc. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.The Debtor's case was assigned case no. Why was HIVERY named in Fast Companys 2023 Worlds Most Innovative Companies? Good News for American Businesses: H1-B Denial Rates Plummet Under USCIS Extends Comment Period for Proposed Fee Increases, OFCCP Rescinds Trump-Era Religious Exemption Rule. You will be charged Part 1 training plans. The fitness chain filed for bankruptcy on May 4. Bankruptcies in Australia averaged 642.46 Companies from 1999 until 2023, reaching an all time high of 1123.00 Companies in February of 2012 and a record low of 175.00 Companies in January of 2023. The Supreme Court Grants Petition to Decide Constitutionality of CFPB Understanding Your Law Firms Value Proposition, Spike in Migrants Crossing U.S.-Canada Border Raising Concerns, Bill to Amend the Gramm-Leach-Bliley Act Introduced to Congress, Energy & Sustainability Washington Update March 2023. The companys lenders hired PJT Partners Inc. in August in anticipation of talks on a possible restructuring or to secure additional financing. The company could follow in the footsteps of Golds Gym and 24 Hour Fitness, which both filed earlier this year. Gold's Gym plans to permanently close around 30 company-owned gyms, but its franchised locations will reopen as coronavirus restrictions are lifted. After first announcing plans to close all of its New York City studios in April, YogaWorks filed for Chapter 11 bankruptcy protection on October 14. The Health AI Frontier: New Opportunities for Innovation Across the FTC to Hold Workshop on Recyclable Claims. Published: 05:50 EST, 8 March 2014 | Updated: 05:50 EST . (CNN) El defensa estrella de la Universidad de Georgia, Jalen Carter proyectado como una de las mejores selecciones en el prximo draft de la NFL se However, that is the type of service that is not doing well in the pandemic. 24 Hour Fitness filed for Chapter 11 bankruptcy early Monday morning. In addition, the store product mix is more akin to the old Spensers Gifts, than a video game store. (October 11, 2021). Following is our top retailers to watch for possible Chapter 11 filing(s) in the year ahead. LA Fitness has lined up a $300 million loan from the government's Main Street Lending Program, which provides emergency loans to help small- and medium-size businesses affected by the . USA Todayreports that bedding-related products are hot sellers enjoying a year-over-year sales increase of more than 30%. Visit Business Insider Premium for more stories about the changing face of fitness. Unless online sales can offset in-store losses, the company appears on the verge of filing. When was the last time you attended (in-person) a graduations, wedding, birthday, and/or sports celebrations? El propietario de la gestora, Formentor Capital, inyect 3 millones de euros en la cadena en octubre de 2021, como ya adelant este medio. La Jolla, CA 92037; 641 S. Rancho Sante Fe Road, San Marcos, CA 92078; 324 Sycamore Avenue, Vista, CA 92083; Although the company has slowly been opening stores, with shutdowns on the horizon, the company previously warned that it may need to file Chapter 11 to restructure its debt. Industry Revenue Plummeted by 58% in 2020. Our attorneys regularly represent owner, developer and/or landlord throughout the country, in leasing, buying/selling, 1031 Exchanges, refinancing, as well an enforcement activities. According to New Generation Research, Inc.'s BankruptcyData.com, there were 6,691 commercial bankruptcy filings in 2021, compared to 11,375 in 2020 and 10,056 in 2019. Now the company's lenders are . The tide could shift over the course of the year, which means consumers could start refreshing their wardrobes and return to stores in greater numbers. Health clubs, gyms, and studios in all states were . The company was originally founded by Mark S. Mastrov and was . A paid subscription is required for full access. Locking Tik Tok? This statistic shows health club companies in the United states by revenue in 2020. In these cases, many of them file jointly for bankruptcy, making the whole process a lot easier. Yet, Bath & Body Works increased total sales by 13% in the second quarter, fueled by e-commerce. Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. Healthcare indebtedness of over $5,000 was an issue for 12% of the participants, according to medical bankruptcies statistics. As such, the retail industry is expected to have a tough slog through at least the first part of the year. By clicking Sign up, you agree to receive marketing emails from Insider
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