In the world of genetic testing, 23andMe once stood tall. However, recent events have shown that even giants can stumble. The company has decided to file for bankruptcy. This move aims to make the company more appealing to potential buyers. This is not a sudden decision. The firm has been facing financial troubles for a while. The CEO, Anne Wojcicki, has stepped down...

The fast-fashion giant Forever 21 is shutting down its U. S. operations. This is not the first time the company has faced financial trouble. It filed for bankruptcy protection in 2019. Now, it's doing it again. This time, the plan is to close all U. S. stores. The company is also considering selling some or all of its assets. This move comes as shopping malls see les...

The fast-fashion brand Forever 21 is facing tough times once again. This time, the company's U. S. operations have filed for bankruptcy protection. This is the second time in recent years that the brand has had to take this step. The fashion industry is a tough place, and Forever 21 is feeling the heat from all sides. The company has been around since the 1980s, att...

Spirit Airlines has recently emerged from bankruptcy, and its CEO is confident that the airline is now more streamlined and prepared to compete with major rivals. One of these rivals is Southwest Airlines, which has recently made significant changes to its pricing structure. Southwest Airlines has decided to start charging for checked bags, a move that could...

JOANN Fabrics and Crafts, a beloved store for over 80 years, is shutting down all of its locations by May 2025. This sad news has led to a new scam targeting customers. Scammers are creating fake websites that look just like JOANN's official site. They offer huge discounts, up to 90% off, on products that seem real. These fake sites have similar URLs to the real JOAN...

Hudson's Bay, a retail giant with roots stretching back to the 17th century, is currently grappling with serious financial troubles. The company, known for its iconic striped wool blankets, has been a staple in Canada's retail scene for over 350 years. However, recent events have pushed it to the brink. The pandemic, inflation, and trade tensions with the U....

Joann Fabrics, a well-known name in the crafting world, is shutting down all of its stores across the country. This news comes after a series of events that have led to the company's downfall. The company had already planned to close 500 stores and keep 300 open just last month. This decision came after they filed for bankruptcy in January, which was the sec...

Nikola, an electric vehicle company, has hit a major roadblock. They've filed for Chapter 11 bankruptcy protection. This comes after months of warnings that they were running low on cash. It's a far cry from their heyday, when they were a Wall Street darling. Back in 2020, Nikola was valued at around $30 billion, even more than Ford Motor Co. at the time. But things ...

Nikola Corp, a company that once had investors and analysts buzzing, has taken a big step. They've filed for Chapter 11 bankruptcy protection. This means they're having a tough time keeping their business going. They couldn't find a buyer or get more money to keep running. Nikola's CEO, Steve Girsky, admitted that the company has faced some serious challenges. Mark...

Joann, a well-known crafting retailer, has announced that it will be closing over 500 of its stores across the United States. This decision comes after the company filed for Chapter 11 bankruptcy protection for the second time in a year. The closures will affect multiple states, with Washington being one of the hardest hit. Washington state alone will see over 20 Jo...