50 Companies At Risk of Bankruptcy in 2020

Published on November 26, 2019
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Signet Jewelers

Founded in 1949, Signet Jewelers is considered the world’s largest diamond and jewelry retailer. Signet owns and operates Zales, Kay Jewelers, and Jared. Though parent company Signet is struggling financially, it is also facing plenty of courtroom drama. In 2017, the company had to deal with a civil lawsuit after being accused of being sexist towards its female employees. In 2019, the company was accused of signing up clients without their permission. Signet was forced to pay $11 million to the Consumer Financial Protection Bureau and the New York Attorney General’s office.

Signet

Signet

Sears Hometown and Outlet Stores

Sears Hometown and Outlet Stores came out of the closing of Sears. It is an American retail company that specializes in home appliances, lawn and garden equipment, as well as mattresses and tools. There are presently 639 stores across the US, Puerto Rico, Bermuda, and Canada. To help the struggling outlet store, Sears Hometown and Outlet Stores were purchased by Transform Holdco LLC. In October 2018, Sears Hometown and Outlet stores filed for Chapter 11 bankruptcy protection.

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Sears Hometown And Outlet Stores

Sears Hometown And Outlet Stores