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Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD
Party City Going Out Of Business, Closing All 800 Stores, Including 19 In MD The party is over for a popular chain store that's been in business for decades. Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees  in a video call on Friday, Dec. 20, CNN reports. Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says. The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report. Party City was foun…

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by Joe Lombardi
Business
Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy
Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy Two months after exiting bankruptcy, restaurant chain Red Lobster is unveiling a revamped menu. It features these seven new items: Lobster Pappardelle Pasta Bacon Wrapped Sea Scallops Lobster Bisque Lemon Basil Mahi Simply Prepared Mahi Parmesan-Crusted Chicken Roasted Asparagus In addition, a pair of old fan-favorites that had been discontinued are back:  Popcorn Shrimp, Hush Puppies  Red Lobster is now giving guests the ability to customize their seafood favorites with the launch of "Create your Own Ultimate Feast." Customers can mix and match two premium picks such as …

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by Joe Lombardi
Business
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants Casual dining chain TGI Fridays has filed for bankruptcy several weeks after at least 12 of its restaurants suddenly closed. The company filed the Chapter 11 petition on Saturday, Nov. 2, in Texas, near its Dallas headquarters. Founded in New York City in 1965, TGI Fridays has 95 restaurants in the US, 39 of which the company owns and operates. The other 56 are independent franchises not involved in the bankruptcy petition. The company said that all those locations will remain open. According to the TGI Fridays website and other reports, the following locations are now listed as permanent…

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by Joe Lombardi
Business
Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where
Red Lobster Suddenly Closes Dozens Of Locations Nationwide: Here's Where Red Lobster has abruptly closed dozens of locations across the United States. According to a Bloomberg, the fast-casual seafood restaurant has considered filing for bankruptcy. The following locations are listed as being temporarily closed on the Red Lobster website, with some set to be auctioned off. MD: Columbia, Laurel, Silver Spring, Gaithersburg NJ: Ledgewood, Lawrenceville, East Brunswick, Bridgewater PA: Erie VA: Newport News, Williamsburg, Colonial Heights TAGeX Brand, which bills itself as the world's largest after-marketplac…

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by Cecilia Levine
Business
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy
Major Mall-Based Chain To Close 543 Stores After Filing For Bankruptcy A major retailer primarily located in malls and headquartered in Pennsylvania is set to close all 543 of its stores following its third Chapter 11 bankruptcy filing. Closures for all rue21 locations are expected to be completed within the next two months with going-out-of-business sales coming soon. The company, headquartered in Pennsylvania outside Pittsburgh, had first filed for bankruptcy in 2003, and then for a second time in 2017, when it closed around 400 stores. Founded in 1970, rue21 specializes in women's & men's casual apparel and accessories. rue21 has locations in …

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by Joe Lombardi & Cecilia Levine
Real Estate
Rite Aid Is Selling These Maryland Leases After Filing For Bankruptcy Rite Aid Is Selling These Maryland Leases After Filing For Bankruptcy
Rite Aid Is Selling These Maryland Leases After Filing For Bankruptcy The leases of all six Rite Aid stores in Maryland that are closing amid the recent bankruptcy filing are being sold. A&G Real Estate Partners is acting as the real estate advisor for the pharmacy chain, which filed for bankruptcy on Oct. 15, and has plans to close 154 underperforming stores nationwide. The deadline for the following leases for in Maryland is Monday, Nov. 20: 5808 Ritchie Highway, Baltimore 5 Bel Air South Parkway, Bel Air 728 East Pulaski Highway, Elton 7501 Ritchie Highway, Glen Burnie The deadline for the following leases for in Pennsylvania is Wednesday, Dec. 20: …

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by Cecilia Levine
Business
David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing
David's Bridal Laying Off 9,200 Employees Amid Bankruptcy Filing David's Bridal will send more than 9,000 workers home in an upcoming round of layoffs, according to a disclosure form it filed with the Pennsylvania Department of Labor and Industry.  The Montgomery County, PA-wedding retailer expects to lay off 9,236 employees nationwide in a three-phase plan that began on Friday, April 14, according to the state website.  It's not clear how many of those workers are in Pennsylvania, though the layoffs are expected to affect locations in Blair, Dauphin, Delaware, Erie, Luzerne, and York counties, as well as four shops in Allegheny County, two sho…

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by Mac Bullock
Business
Bed Bath & Beyond Closures Include Nine MD, VA Locations Bed Bath & Beyond Closures Include Nine MD, VA Locations
Bed Bath & Beyond Closures Include Nine MD, VA Locations Nine Bed Bath & Beyond stores across Maryland and Virginia are among 87 locations scheduled to close in 2023, the struggling retailer announced. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. The following locations in Maryland and Virginia are set to close in 2023: Annapolis, 200 Harker Place Suite 200 Fairfax, 12100 Fairfax Towne Center&…

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by Cecilia Levine
Business
Here's When The Final Full-Service Maryland Sears Will Be Closing At Francis Scott Key Mall Here's When The Final Full-Service Maryland Sears Will Be Closing At Francis Scott Key Mall
Here's When The Final Full-Service Maryland Sears Will Be Closing At Francis Scott Key Mall One of the final full-service Sears locations in the country that still stands in Maryland is not long for this world and will soon be shut down, according to reports. Sears at the Francis Scott Key Mall in Frederick, one of the few active brick-and-motor locations still standing from the once-great department store giant, will reportedly be closing by mid-January as shoppers continue to strip what's left from the bare shelves. The closure date of Sunday, Jan. 15 was first announced by the Frederick News-Post, which reported that the store is sporting massive neon-colored signs stating: "Ev…

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by Zak Failla