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Added on the 15/01/2021 18:12:21 - Copyright : Wochit
Jonathan Ernst/Reuters The NRA says it filed for Chapter 11 bankruptcy on Friday. The organization has been beset by financial troubles for years. The NRA is also relocating from New York to Florida where it will register as a nonprofit. The National Rifle Association has filed for Chapter 11 bankruptcy, the group said in a statement Friday. Internal financial documents showed that it increased spending over revenue and it ran a deficit for several years, including a gap of $10.8 million in 2018.
Guitar Center is the largest musical instrument retailer in the US. On Saturday, the company announced Saturday it was entering the Chapter 11 restructuring process, during which it'll stay in business. Guitar Center said it expects to finish up the process by the end of the year. Guitar Center has felt the negative impacts of consumers' increasing reliance on e-commerce, like many other physical retailers. The company may be forced closures of many of its stores during the coronavirus pandemic.
Even a clothing line from Kendall and Kylie Jenner hasn't been enough to keep Pacific Sunwear out of bankruptcy, but the company says it will continue to operate as it reorganizes its finances. Bobbi Rebell reports.
"Stellantis Spotlight" is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending October 7, 2022, include third-quarter sales, National Black MBA Association’s Graduate Student Case Competition and off-road adventure for the Jeep brand and students from the Jalen Rose Leadership Academy in Detroit.
"Stellantis Spotlight" is a weekly recap of some of the major stories at Stellantis. The top stories for the week ending January 14, 2022, include Jeep Wrangler Rubicon 392 and Grand Cherokee receiving awards honors, while Dodge//SRT and Mopar partner with Tony Stewart Racing for the National Hot Rod Association's 2022 season.
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