The bankruptcy of the world’s seventh-largest shipping line — South Korea-based Hanjin — could be the beginning of a big holiday headache for retailers with cargo currently trapped at sea in the Pacific. Creditors continue to fight Hanjin in an attempt to claim its ships,...
Aéropostale is officially going to emerge from bankruptcy in one piece, albeit in a slimmed-down form, rather than heading to liquidation as one of its biggest creditors had sought. A federal judge approved a $243 million bid that would keep open 229 Aéropostale locations, meaning...
When a major shipping player, like Hanjin, sails into financial uncertainty, the ripple effects are myriad and expensive. As of now, there is around $14 billion in goods currently stranded at sea and a legion of owners trying to get them back to land and...
As the run-up to retail’s big season is getting ready to get underway, the nation’s retailers have a big, big problem at the ports. A problem that has now gotten severe enough that they are looking to the federal government for assistance. The problem is...
