
Retailers were not supposed to begin filing for bankruptcy until after January 1. The Parent Company became the first well-known retailer to file for Chapter 11 bankruptcy protection after Christmas.
Retailers were not supposed to begin filing for bankruptcy until after January 1. But it seems the fallout from poor holiday sales has already begun. On Monday, the Parent Company became the first well-known retailer to file for Chapter 11 bankruptcy protection after Christmas. New York Times reporter Stephanie Rosenbloom joins The Takeaway with the details.