J.P. Morgan economist sees 40% US recession chance : "Where we stand now is with a heightened concern about the U.S. economy," Bruce Kasman, the U.S. investment bank's chief global economist, told reporters in Singapore
Kohl's has stopped accepting Amazon returns at some store locations : Amazon returns at Kohl’s stores were supposed to save the ailing retailer when the partnership was announced in 2019, expanding a pilot program both companies started two years prior. Cheap and easy returns for Amazon’s massive customer base would drive foot traffic to Kohl’s storefronts, and in turn, boost sales, which the retailer desperately needed. But the Wisconsin-based retailer never reaped the rewards.
Ollie's to acquire leases of 40 Big Lots stores amid bankruptcy: Ollie's Bargain Outlet will now have acquired 63 total leases from Big Lots since the retailer filed for Chapter 11 bankruptcy in September 2024
Solo Brands warns it could file for bankruptcy : The company, which said it is exploring strategies to refinance its debt, said it risks defaulting on its obligations under its credit agreement. Such an event could cause Solo Brands to liquidate or file for Chapter 11 bankruptcy protection, the company said
U.S. Trustee Objects to Stalking Horse Bid Protections in Three Recent Delaware Bankruptcy Cases | Squire Patton Boggs (US) LLP: As highlighted in three recent Delaware cases, the UST has objected to stalking horse bid protections on a number of grounds, including: (a) when such protections would be payable; (b) the proposed priority classification for such protections; (c) the scope of the bid protections; and (d) whether the debtor has demonstrated that such protections benefit the estate and are necessary to preserve estate value
Roomba maker iRobot warns it may go out of business: “Given macroeconomic and tariff-related uncertainties, there is substantial doubt about iRobot’s ability to continue as a going concern,” iRobot said in a statement
Rivian and Chase Throw Fisker Owners a Lifeline with Advantageous Buyback Plan: JPMorgan Chase backed Fisker Finance, and participants of the buyback or trade-in program must have purchased their Ocean model through Fisker Finance or be part of Hagens Berman’s class-action lawsuit against Fisker
