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Fortunoff and Bruno's File for Chapter 11


Two more retailers have opted for Chapter 11. The New York Post reports on Fortunoff's decision while our sister publication Supermarket News provides the update on regional grocer Bruno's. Fortunoff seems like a possible liquidation candidate. Bruno's, however, does not appear to have immediate plans to close stores.

The announcements so far:

Bankruptcies and Liquidations:

Potential Bankruptcies & Liquidation Impact: 1,085 stores

Announced Closings

Total Closings: up to 659 U.S. stores

Potential Impact of All Announcements to Date: up to 1,744 U.S. stores

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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