GREEN BAY, WIS. Shopko announced on Wednesday that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. The company is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in…
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt. 1. UNIVERSITY OF PITTSBURGH The University of Pittsburgh is offering…
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The full release is below, but in the list of store closures, neither the Wenatchee or Quincy location was listed, so they will remain open for now. The Summitview Ave. location in Yakima is scheduled to be closed. Green Bay, WI Shopko (the Company), a leading operator of general merchandise stores throughout the Central, Western…
The hail-ravaged apple and pear industry will receive a $1.3 million lifeline after the State Government agreed to waive a growers co-operative debt. Lenswood Cold Stores Co-operative Society chairman Iain Evans said the debt write-off was great news for Adelaide Hills growers, who had faced two years of poor seasons followed by crops being damaged…
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford today over his role in one of the UKs largest investment scandals. He must find the funds…
Less than 18 months after exiting bankruptcy, Payless ShoeSource has reportedly lined up an advisor to help mull over strategic alternatives, including a possible sale. According to a report from Reuters, citing people familiar with the matter, the affordable footwear retailer hired investment firm PJ Solomon as it continues to struggle amid digital disruption and…
Cleaning Up airs every Wednesday on ITV at 9pm. The drama stars Sheridan Smith as Sam, a single mother who is a cleaner on a zero hours contract in Canary Wharf, London. Sam is in debt and has separated from her husband, Dave (played by Matthew McNulty) and one of the reasons behind their split…
UPDATE: A list of stores that will be closing is now available here. Quincy (WGEM) Shopko, which, operates a store at 3200 Broadway in Quincy, announced Wednesday that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code. In a new release,…