Retailers and Online Stores Face Financial Challenges and Bankruptcy Filings

Several furniture retailers, online stores, and dental aligner companies are facing financial challenges and bankruptcy filings. Z Gallerie, a furniture retailer, has filed for bankruptcy for the second time in less than two years due to pandemic-related supply chain and import costs, as well as a housing slump. HomeGoods, an off-price retailer, is closing its online store after two years in operation. Tattered Cover, a Colorado-based independent bookstore, has filed for Chapter 11 bankruptcy due to financial issues caused by the COVID-19 pandemic and changing market conditions. Shift Technologies, an online used car marketplace, has filed for bankruptcy and will close down its operations. SmileDirectClub, a dental aligner company, has filed for bankruptcy after suffering years of losses.