The chain filed for Chapter 11 and came to an agreement with its lenders to purchase the chain through a bankruptcy sale. Tuesday Morning: Another Another discount home goods retailer filed for bankruptcy in the spring, saying that the prolonged store closures caused an "insurmountable financial hurdle." California Pizza Kitchen: The The 35-year-old pizza chain filed for bankruptcy because of restrictions on indoor dining in several US states. AugustLord & Taylor: The The once-snazzy upscale retailer filed for bankruptcy just a year after it was bought for $75 million. Stein Mart: The The third major discount retailer filed for bankruptcy and closed its 300 US stores.

Source: CNN December 12, 2020 14:26 UTC