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January 2016 Archives

Bankruptcy may help businesses looking for new buyers

It appears that many mid-size retail companies are facing pressing challenges from online marketing platforms that have eaten into their revenue streams in recent years. One of the latest retail apparel chains to register a crisis is Joyce Leslie, with its 47 stores, including some in Pennsylvania. The company, which caters to younger women aged 15 to 35, filed a Chapter 11 bankruptcy recently on the heels of a sharp decline in revenue.

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