liquidation

The death of bookstore chain Borders begs the question: Is there still a place in the Internet-dominated market for brick-and-mortar booksellers and the value they add? Independent bookstores thinks so, and the numbers in the American Booksellers Association, believe it or not, are growing.

Although economists tell us the recession is over, the drumbeat of bad news in the retail sector continues. Bookseller Borders and gift-basket purveyor Harry & David both recently filed for bankruptcy, and video chain Blockbuster has been working its way through a Chapter 11 bankruptcy since...

Insurance regulators in several states are warning consumers about a Tennessee-based group selling bogus insurance. The group, which has collected more than $22 million in premiums nationwide, operates under several names, including American Trade Association, Smart Data Solutions, Serve America...

The CNBC Power Lunch shouters love to moan about how horrible it is that the government is putting money into General Motors (GM). They shout: "Why not just let it fail? After all, what good are free markets if they only work when times are good? We have a perfectly good process for handling failed...

In the pursuit of bankruptcy reorganization, Ritz Camera will be closing 300 of its nationwide retail locations. Ritz Camera, the nation's largest specialized photographic and video equipment retailer, expects to see a reduction of nearly 50% of its national retail footprint due to this downsizing....

WalletPop readers already know that the Circuit City liquidation sales are to a good deal as pigs are to flying, but the last week has shown that Circuit City shoppers face a bigger threat than paying too much -- the threat of broken merchandise. Recession Watch Around the Globe A...