The multi-banner retailer, which has been transitioning to an off-price business model for the past year, is throwing in the towel after the Covid-19 pandemic forced its retail stores to close. The filing, in Southern TX Bankruptcy Court, lists $500 million to $1 billion in both assets and liabilities. It has not made rent payments on most of its 734 leases since March, and many landlords have sent notices of default, locked doors and/or started eviction proceedings, necessitating the filing. SSI hopes to sell the business as a going concern, but needs to rationalize the store base, including some GOB ... Log in to view full article.