It seems more and more every day companies are announcing that they are closing down their stores. First we lose Hastings, then Gander Mountain announced it will be closing stores, followed by JCPenney, and now a popular shoe store has announced it will be closing over 400 stores.
In the wake of a rough economy and emerging competitors, it looks like Kodak might be on its way out. The photography giant announced Thursday morning that they are filing for Chapter 11 Bankruptcy Protection.
It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal. In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be …
Hostess, which makes such iconic foods as Wonder Bread and Twinkies, has filed for bankruptcy. The company is some $860 million in debt, so clearly some restructuring is in order. What happens now, you ask? Here are some possible scenarios of what may take place: