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Sports Authority

Wet Seal, a teen clothing retailer, announced that it has closed 338 of its retail stores and will lay off nearly 3,700 employees.

How Gift Card and Gaming Bankruptcy Cases Hurt Customers

Wet Seal and Fantasy Aces recently filed for bankruptcy.
By Charles M. Tatelbaum
CHICAGO - MARCH 24: (L-R) Alan J. Lacy, vice chairman and CEO of Sears Holdings; Edward S. Lampert, chairman, Sears Holdings; and Aylwin B. Lewis, president of Sears Holdings and CEO of Kmart and Sears Retail, answers following approval of the merger of Sears, Roebuck and Co. and Kmart Holding Corporation by shareholders of both companies March 24, 2005in Hoffman Estates, a suburb of Chicago, Ilinois. The new company, Sears Holdings Corporation, is expected to begin trading on the Nasdaq national market next week.

Edward Lampert’s Sears Strategy Is Likely to Backfire on Shareholders

Sears Holdings CEO could push company onto latest list of Chapter 11 retailers.
By Charles M. Tatelbaum

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