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Fri Aug 3, 2018, 08:25 AM

Brookstone Files For Bankruptcy, Plans To Close Mall Stores

Brookstone Co. Inc. has filed for bankruptcy for the second time.

The retailer known for massage chairs and other gadgets announced Thursday that it will be shutting down about 100 of its mall locations with hopes of selling its remaining assets, according to the filing document.

In 2014 it filed for Chapter 11 bankruptcy protection and sold its assets to the China-based conglomerate Sanpower Group. Currently, under Sanpower, the company operates a total of 137 retail stores, 35 of which are located in airports.

Loss of foot traffic in shopping malls was cited by Greg Tribou, Brookstone's chief financial officer, as a major reason for filing bankruptcy.

https://www.npr.org/2018/08/02/635021251/brookstone-files-for-bankruptcy-plans-to-close-mall-stores?

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Reply Brookstone Files For Bankruptcy, Plans To Close Mall Stores (Original post)
Sherman A1 Aug 2018 OP
JI7 Aug 2018 #1
Liberal In Texas Aug 2018 #2
ProfessorGAC Aug 2018 #3
BSdetect Aug 2018 #4

Response to Sherman A1 (Original post)

Fri Aug 3, 2018, 08:28 AM

1. have the businesses considered locating somewhere other than malls ?

a lot of people just don't like malls .

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Response to Sherman A1 (Original post)

Fri Aug 3, 2018, 08:31 AM

2. Overpriced gadgets and stuff you don't really need.

Big Surprise.

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Response to Liberal In Texas (Reply #2)

Fri Aug 3, 2018, 08:37 AM

3. Sharper Image

Pretty much the same thing happened to them, right?
Expensive gadgets that one didn't really need, only wanted, then wages didn't keep up with prices so the "luxury" stores go down the tubes.

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Response to Liberal In Texas (Reply #2)

Fri Aug 3, 2018, 08:47 AM

4. Always ignored those stores.

Have not been to the local mall in years.

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