Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
Business
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. OR As Walmart’s online sales grow, the retailer has seen its e-commerce losses grow, too. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Ark.-based retailer is spending heavily to
Hollywood has long tried to capitalize on the financial success and cultural relevance of video games by turning them into feature-length films. Unfortunately, there has always seemed to be something lost in translation between the game controller and the theater. These films have tended to make back their production budgets — so studios keep making
A woman shops for clothing at the JC Penney Co. store inside the Roosevelt Field Mall in Garden City, New York. Saul Martinez | Bloomberg | Getty Images The apparel industry had a really tough start to 2020, as consumers are buying fewer and fewer items to stock their closets, and companies that typically sell
National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC. Samuel Corum U.S. health officials will monitor people with flu-like symptoms for the coronavirus