About this Deal
|The retail apocalypse continues! Rockport has filed for Chapter 11 Bankruptcy, following in the footsteps of fellow shoe stores Payless and Nine West. The company cites their 2015 separation from Adidas as a driving factor in their decline. |
While they hope to remain in business, attempting to sell assets to a private equity firm, the other reality is that they may have to close their brick-and-mortar stores--27 total in the US.
Read more about this new financial development.