Bankruptcy Law News

In-Store Fixture Maker Latest to Fall Prey to Retail Apocalypse

Nov. 4, 2019, 4:52 PM

Fleetwood Industries Inc., which makes in-store fixtures for retailers, became the latest victim of the retail apocalypse Monday when it filed for Chapter 11 bankruptcy in Delaware.

The relatively small, Pennsylvania-based outfit counts big, distressed retailers like J.C. Penney Co., Neiman Marcus Group and Destination Maternity Corp. among its customers, according to its website. Fleetwood listed as much as $50 million each in assets and liabilities in its bankruptcy petition and posted $70 million in sales last year, court papers show.

Some of the company’s customers this year started delaying orders, extending project time lines and slow-paying...

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