The company, which helped popularize fast fashion in the United States, has struggled to compete with online retailers. It is the company’s second bankruptcy filing in six years.
Category: Shutdowns (Institutional)
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Left for Dead, the C.F.P.B. Inches Back to Life
Court orders have paused, and at times reversed, the Trump administration’s efforts to shut down the consumer watchdog agency.
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Swedish Battery Maker Northvolt Collapses, a Blow to Europe
The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.
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French Cinema Celebrates Its Covid Recovery
The French movie industry has been celebrating statistics that show an increase in movie attendance.
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CFPB Drops Lawsuit Against Banks Over Zelle Scams
A spokeswoman for the payment app’s parent company said the lawsuit against three large banks was “without merit, and legally and factually flawed.”
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Did the Covid-19 Pandemic Change How You Travel? Let Us Know.
The pandemic was declared in March 2020, shutting down travel for months. How did the lockdowns, and then the surge in demand, change the way you travel?
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Dozens of Clinical Trials Have Been Frozen in Response to Trump’s USAID Order
The stop-work order on U.S.A.I.D.-funded research has left thousands of people with experimental drugs and devices in their bodies, with no access to monitoring or care.
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Asheville’s Restaurants Hit Reset After Hurricane Helene
Hurricane Helene’s floods have wreaked lasting damage on a tourist town whose nationally recognized restaurants are especially vulnerable to disasters.
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U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
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Port Labor Talks Hinge on Deal on Automation
Cargo could stop flowing at East and Gulf Coast ports, which handle most imports, if a union and an employers’ group can’t agree on the use of machines that can operate without humans.
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Why Mergers of Carmakers Like Honda and Nissan Often Falter
The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages.