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Polaris Mall Owner Files for Bankruptcy

Walker Evans Walker Evans Polaris Mall Owner Files for Bankruptcy

Columbus-based Washington Prime Group formally announced on Sunday, June 13 that the company is filing for Chapter 11 bankruptcy protection. The company owns and operates over 100 shopping centers and malls throughout the U.S., including Polaris Fashion Place. According to a media statement published on the Washington Prime Group website, the company cited the COVID-19 […]

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Sears Files for Bankruptcy

Walker Evans Walker Evans Sears Files for Bankruptcy

After years of financial struggles, Sears Holding Corp — the parent owner of Sears and Kmart — has officially filed for bankruptcy. The company missed a deadline to pay a $134 million debt payment, and is moving forward with the Chapter 11 process. Stores have been closing regularly every month, with several shuttering in central […]

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Local Babies “R” Us Store Closing Due to Toys “R” Us Bankruptcy

Walker Evans Walker Evans Local Babies “R” Us Store Closing Due to Toys “R” Us Bankruptcy

Last September, national toy store chain Toys “R” Us filed for bankruptcy to restructure their five billion dollars worth of debt. The company stated that their 1,600 brick and mortar stores were “mostly profitable” at that point in time and did not announce any location closures. That changes today as the company has now announced […]

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Retailpocolypse: Toys “R” Us Files for Bankruptcy

Walker Evans Walker Evans Retailpocolypse: Toys “R” Us Files for Bankruptcy

The steady stream of large retail closures and bankruptcy filings in 2017 has slowed down over the summer months, but news this week from New Jersey-based Toys “R” Us has brought this year’s chain retail woes back into the spotlight. The company announced on Monday that it would be “commencing court-supervised processes to implement financial […]

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Wet Seal Closing All Stores

Walker Evans Walker Evans Wet Seal Closing All Stores

The hits keep coming for traditional mall retail stores. California-based chain Wet Seal is reported to close all 171 of its remaining stores soon, following a bankruptcy filing and 338 store closures in 2015, and the failure to find a buyer for the struggling business. Multiple national media outlets are reporting that a notice has […]

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Damon’s Owner Files for Bankruptcy

Walker Evans Walker Evans

First it was Max & Erma’s, and now Damon’s. You would think that it’s a bit of an odd coincidence for two Columbus-founded restaurants to file for Chapter 11 within the same week, but as this Business First article reveals, they’re both owned by the same parent company in Pittsburgh. The article doesn’t say whether […]

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Max & Erma’s Owner Files for Bankruptcy

Walker Evans Walker Evans

A little over a year and a half ago, the Columbus-founded Max & Erma’s was purchased by an investment company based in Pittsburgh. Today, that company has filed for bankruptcy. It sounds as if there are no immediate plans for restaurant closures, so fans of the original location in German Village can breathe a sigh […]

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