Modell’s Time Out Extended to May 31
The bankrupt retailer won a one month extension of its bankruptcy time-out as the court ruled that the suspension of GOB sales could continue through May 31. The suspension began at the end of Mar., and the bankrupt debtor laid off store and distribution center employees at that time, retaining just a skeleton crew at its headquarters. Landlords were understandably cranky at the prospect of another month of lost ... Log in to view full article.