From TheDeal Newsweekly:
Consumer confidence hit an all-time low in October before improving somewhat in November, according to research group the Conference Board. The holidays are upon us, and retailers have gone bust amid these tumultuous economic times. Here’s a look back at some of The Deal’s retail bankruptcy coverage and thoughts on what might be in store for some not yet bankrupt but possibly teetering. KB Toys Inc. is bankrupt again. The company filed for Chapter 11 for the second time on Dec. 11 and will seek to hold going out of business sales across its locations. Meanwhile, Woolworths Group plc and MFI Group Ltd. are among the latest to file for administration in the U.K., while back stateside, a new liquidation plan for Tweeter Opco LLC and a filing for B. Moss Clothing Co., as well as a sale approval for Mattress Discounters Corp. assets and final DIP approval for Harold’s Stores Inc. are also among recent retail bankruptcy headlines. Continue reading below.
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