Bankruptcy and the Retail Sector

bankruptcy in the retail sector

In a sign of devastating times for the retail sector, fashion retailer Rue21 announced that they have filed for Chapter 11 bankruptcy reorganization. The company is closing approximately 400 stores and laying off an undisclosed number of employees. The retail industry faces stiff competition from digital commerce and changing consumer preferences. Rue21 is not the

Perseverance Quote

perseverance quote graphic

I am strong, because I’ve been weak.  I am fearless, because I’ve been afraid.  I am wise, because I’ve been foolish.  The author is unknown.

Bankruptcy Stigma Quote

bankruptcy stigma quote by David Dinkins

  Bankruptcy no longer has the stigma it once had.  Now it’s almost considered wise, a way to regroup and come back again.  A quote by David Dinkins.