• From CNN:
"Christopher & Banks is joining the long list of retailers filing for bankruptcy and disappearing from America's malls.
"The womenswear company filed for Chapter 11 on Thursday, a result of "financial distress resulting from the pandemic and its ongoing impact," it said. Christopher & Banks, which has approximately 400 locations in 44 states, said it will close a 'significant portion' of stores and is in an 'active discussion' to sell its website."
The reckoning that the company is facing predates the pandemic; a year ago, Christopher & Banks hired an investment banker to restructure its debt and explore "strategic alternatives."
• The Associated Press reports that "Petco, the pet store chain, went public again Thursday, hoping to cash in on people's obsessions with their furry pets … It's the third time Petco has gone public since it was founded in 1965 as a mail-order veterinary supplies business. Both times Petco was bought and taken private, most recently in 2006."
