Retail Chains Face Chapter 11 Bankruptcy Risks Amid Financial Struggles, Potential Store Closures

Several retail chains are facing financial difficulties, with some considering Chapter 11 bankruptcy. A home improvement chain with 442 locations in 47 states is sparking fears of store closures as it mulls bankruptcy. This chain, which previously faced a '60 Minutes' formaldehyde scandal, is exploring its options, according to a report. Additionally, a pizza chain operating in 28 states is also exploring all options amid bankruptcy rumors. Another struggling retail chain is facing default and a Chapter 11 bankruptcy risk. Popular food and grocery brands have already filed for Chapter 11 bankruptcy.