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What Spirit Airlines' Bankruptcy Means For Holiday Travelers
Spirit Airlines, the no-frills budget carrier, announced it would file for Chapter 11 bankruptcy a week before a record number of people are expected to fly during the Thanksgiving holiday, reports said.
The Florida-based airline announced Monday, Nov. 18, that its debt, growing losses, and increased competition have kept the company in the red for four years, and it would need to restructure its bills to keep it in the air, NBC News reported.
However, despite its financial troubles, the airline promised passengers they would not feel any of that pain in the air.
"Guests …
LL Flooring Files For Bankruptcy, Plans To Close 4 CT Stores
With some 300 stores nationally, the mega-floor retailer LL Flooring has filed for bankruptcy and announced it plans to close at least 90 stores, including four in Connecticut.
According to a statement from LL Flooring, the stores being closed in Connecticut include Fairfield County in Norwalk and New Haven County in Milford, North Haven, and Waterbury.
The business said the three remaining stores in Danbury, Waterford, and Harford will remain open.
Charles Tyson, president and CEO of LL Flooring, said, “After comprehensive efforts to enhance our liquidity position in a challenging ma…
Updated List Of Scheduled Red Lobster Closures Includes Connecticut Location
Red Lobster plans to close more restaurants just weeks after it filed for bankruptcy, according to a new report.
In a bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion.
Days before the filing, dozens of Red Lobster locations were listed as "temporarily closed" on the company's website, including these New York locations:
Kingston,
Scarsdale,
Nanuet,
Poughkeepsie,
Stony Brook
In an updated list of closures reported by CNN on Thursday, June 6, five new locations in New York have been added to the list, including it…
Lord & Taylor Closing 24 Department Stores Mostly In CT, NY, NJ, MA
Department Store chain Lord & Taylor has announced the closure of 24 more of its stores - many of them located in Connecticut, New York, Massachusetts, and New Jersey.
Lord & Taylor filed for Chapter 11 Bankruptcy in August. The retail giant, which was established in 1826, joins other chains that couldn’t survive the tragic COVID-19 economy. Other bigs that are closing shops across the country include J.C. Penny, Pier One, and Brooks Brothers.
So far this year, 6,000 department stores in the U.S. have been permanently closed, according to Coresight Research.
The local Lord & …
Original Ann Taylor's in New Haven Closes - More Closures for Parent Co. Ascena Planned
The original Ann Taylor’s in New Haven closed for good on Monday, July 27.
The retailers first launched from New Haven in 1954, eventually growing to a women’s clothing store giant.
Ann Taylor’s parent company, Ascena, filed for bankruptcy earlier this month. In addition to Ann Taylor, Ascena owns the brands: LOFT, Lane Bryant, Justice, Catherines, Cacique, and Lou & Grey. All of the retailers will continue to operate, though many of its 2,800 stores will be closed, according to Ascena. Catherines is being sold to City Chic.
In announcing the bankruptcy filing and restructuring on July…
