- Carlo Allegri/Reuters
- It’s only April, but a number of major national retailers have already filed for bankruptcy this year.
- Not all of these companies will cease to exist – some are just looking to restructure.
- Check out which retailers have already filed for bankruptcy this year.
We’re just a few months into 2019, but we’ve already seen a number of major retailers file for bankruptcy.
Some of these bankruptcies will allow companies to restructure and re-enter the fray. Others, like Payless and Charlotte Russe, will shut down entirely.
Unfortunately, this means that thousands of stores will shutter and thousands of employees will lose their job. And, given that it’s only April, these likely won’t be the only bankruptcies we hear about in 2019.
Here’s a list of the retail companies that have filed for bankruptcy so far:
Beauty Brands filed for Chapter 11 bankruptcy on January 4.
Innovative Mattress Solutions
The Kentucky-based mattress company, which owns Mattress Warehouse, Mattress King, and Sleep Outfitters, filed for Chapter 11 bankruptcy on January 14.
- Chris857/Wikimedia Commons
This Wisconsin-based retailer filed for Chapter 11 bankruptcy on January 16. On March 19, CBS reported that Shopko’s 363 stores would close after the company failed to find a buyer.
- Thomson Reuters
Gymboree, a clothing company that also runs Janie & Jack and Crazy 8 stores, filed for bankruptcy on January 17. It is closing all of its more than 800 Gymboree and Crazy 8 stores.
FullBeauty Brands is a clothing retailer that filed for bankruptcy on February 4. The company exited bankruptcy within 24 hours.
- Business Insider/Mary Hanbury
This women’s clothing retailer filed for bankruptcy on February 4 and announced that it would closing all of its stores on March 6.
This personalized keepsake retailer filed for Chapter 11 bankruptcy on February 6.
Payless filed for bankruptcy on February 18. The shoe store will close all its remaining locations, aside from franchise stores.
Jeans company Diesel USA filed for bankruptcy on March 5.
The Los Angeles-based home furnishing retailer filed for Chapter 11 bankruptcy on March 11. It said it would seek to close 17 stores.
All US-based Roberto Cavalli stores have closed, and the retailer has filed for Chapter 7 bankruptcy, according to Retail Dive. The fashion company operates in North America as Art Fashion Corp.
- Cyrus McCrimmon/The Denver Post via Getty Images
Sushi-and-cocktails chain Kona Grill filed for bankruptcy on April 30, Restaurant Business reported. The restaurant shut down 15 of its locations.
The closures come amid Kona Grill’s legal battle against its former CEO, who is counter-suing the restaurant for unpaid severance.
According to court documents, Kona Grill filed suit against its former CEO James Kuhn in February. The company alleged that Kuhn “failed to conduct the business affairs of Kona Grill in a manner that any reasonable person in a like position could possibly believe was in the best interests of the company,” resulting in “significant reputational harm” to the restaurant.
Kona Grill described Kuhn as allowing restaurants to become “woefully understaffed,” removing wasabi from different sushi dishes, killing the restaurant’s happy hour promotion, and stocking restaurants with “poor quality food items.”