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Bankruptcy

As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors

by Daniel Ackerman
May 20, 2024
The sector hasn't really recovered from the pandemic closures of their dining rooms, when "they lost their core business model."
Less than one month after the restaurant chain considered filing for bankruptcy, 87 Red Lobster locations have now closed in 27 states.
Justin Sullivan/Getty Images
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Health and Wealth

Women pay more than men for health care. That's leading some of them to declare bankruptcy.

by Nancy Marshall-Genzer
Apr 8, 2024
Even when pregnancy-related costs are stripped out, women still pay more than men.
Female employees spend about $266 a year more out-of-pocket for health care than their male colleagues, a Deloitte study finds.
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WeWork could declare bankruptcy anytime, but how is it still around?

by Meghan McCarty Carino
Nov 1, 2023
The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors' cash.
WeWork’s business model has always been shaky, says professor Erik Gordon at the University of Michigan.
Justin Sullivan/Getty Images
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Rite Aid's bankruptcy reflects how much the corner drugstore has changed

by Kimberly Adams
Oct 16, 2023
Corporate mergers and competition from supermarkets, discount clubs and online startups — among other forces — have altered how pharmacies need to do business.
The pharmacy business has seen lots of change in the last few decades.
Michael M. Santiago/Getty Images
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What do rising corporate bankruptcies say about the economy?

by Kristin Schwab
Sep 8, 2023
Some bankruptcies reflect fallout from the financial crisis more than a decade ago.
Corporate bankruptcies have been on the rise for more than a year. Retail chain Christmas Tree Shops, above, filed for bankruptcy in May.
Alex Wong/Getty Images
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Some Republicans are exploring a new position on student loan debt

by Nancy Marshall-Genzer
Jul 31, 2023
The proposal bucks the party's usual laissez-faire approach.
To have your student loan debt discharged by a judge, one must prove it’s causing them “undue hardship."
Eros Hoagland/Getty Images
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"All the Beauty and the Bloodshed"

Why the Sacklers are shielded from future opioids lawsuits

by Ellen Rolfes
Jun 10, 2023
Econ Extra Credit newsletter #153
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Why retailers almost never come back from bankruptcy

by Kristin Schwab
Jun 7, 2023
Bed Bath & Beyond reportedly wants to sell its baby product chain, Buybuy Baby. Typically the most a bankrupt retailer can hope for is a sale.
Bed Bath & Beyond is reportedly in talks to sell its baby products chain, Buybuy Baby. But that won't save BB&B from bankruptcy.
Patrick T. Fallon/AFP via Getty Images
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2023 has been a year for bankruptcy

by Kristin Schwab
May 18, 2023
More than 230 companies declared bankruptcy before the end of April. What is happening?
David’s Bridal is among the more than 230 companies that declared bankruptcy before the end of April.
Justin Sullivan/Getty Images
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What might happen to all that retail space Bed Bath & Beyond may soon abandon?

by Matt Levin
Apr 24, 2023
There may be more demand for the suburban real estate than there was for sheets and towels.
Bed Bath & Beyond is slated to begin shuttering nearly 360 storefronts across the country, and some landlords may use the opportunity to raise storefront rents.
Scott Olson/Getty Images
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