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Vendors feel pain of retailer’s misfortunes

In New Rochelle, jewelry designer and small-business owner Georgiana Koulianos is feeling twice burned.

Paper chase

 

High-end gift card store employee Jennifer Beato was almost out of a job when the Blue Tulip chain went bankrupt and closed all 24 of its stores, including one in Bronxville where Beato was a sales associate.

Credit squeeze hits bankruptcies

Even as bank lending in Connecticut appeared to thaw slightly in the past month, regional experts say that the stalled credit markets have frozen an important protection for businesses – Chapter 11 bankruptcy proceedings.

Circuit City closings creates glut of space in region

Two months after filing for Chapter 11 bankruptcy, Richmond, Va.-based electronics retailer Circuit City Stores Inc. announced it is going out of business.

Don’t jump!

Economic conditions are tough but small- and medium-sized business in the Hudson Valley may have allies they don’t know about.

Byram Concrete files Chapter 11

In a sign of the economic times, a major Westchester concrete supplier for commercial and residential developments last week filed for protection from creditors in U.S. Bankruptcy Court. 

Goody’s sews up $175M GE credit

GE Commercial Finance Corporate Lending of Norwalk is providing a $175 million plan of reorganization credit to Goody’s Family Clothing Inc.

Going, going, gone

The chain once touted as America’s love letter to a collegian’s heart is closing doors in Kingston and Nanuet’s Palisades Center.

Lender calls in $10.7M loan on Newtown senior care center

Lenders have asked court permission to seize the Homesteads at Newtown, an assisted-living center for seniors that caters to residents with Alzheimer’s disease.

Red Roller gets a flat

The same week it was designated one of Connecticut’s software companies “to watch,” Stamford-based RedRoller Inc. filed for protection from creditors in a Chapter 11 financial restructuring.

WCI Communities files for Chapter 11

WCI Communities Inc, a Florida-based developer of luxury homes and condominiums with an office in Valhalla, has filed for Chapter 11 bankruptcy protection, claiming it owes approximately $1.9 billion to more than 50,000 creditors against roughly $2.2 billion in assets.

Going, going …

The imminent closure of the Steve and Barry’s discount clothing outlet in Kingston marks a new chapter for the once hugely successful discount clothing franchise, but also raises the question: What’s next for the Kingston Plaza?

Bankruptcies on the rise

A mini-bout of business bankruptcies has spread to Fairfield County’s bastion of high-finance.

BAXL files for bankruptcy protection

A year after changing its name from Merlot Communications, a subsidiary of BAXL Holdings Inc. filed for bankruptcy protection from creditors as it attempts to clean its balance sheet of red ink – while sacking most of its staff without severance.

Tile company files Chapter 11

Blaming the housing market slowdown, flooring and wall tile importer IWT Tesoro Corp. filed for Chapter 11 bankruptcy protection.