Playing a game of chicken with some high-profile mall magnates, Santa Barbara-based shoe retailer The Walking Co. has filed for Chapter 11 bankruptcy, citing untenable leases it signed during what company leaders called a “high water mark for retail space.”The Walking Co., formerly known as Big Dogs, said the move came about because it couldn’t renegotiate rents for many of its mall-based stores during a tough retail environment. The company hopes to shed unprofitable stores and re-emerge from bankruptcy by early next year, the company said in a release.. . . more
0 comments:
Post a Comment