The Walking Company
Wow, what is up with all these shoe companies losing money? The Walking Company makes comfy walking shoes. Sadly, the company applied for Chapter 11 bankruptcy protection in March 2018. In reality, this was not a first for the footwear retailer. Ten years before this, it filed for bankruptcy as well! The good news is that it managed to come out of bankruptcy in July 2018. Good for them.
Kiko USA
Kiko USA is a company that sells cosmetic products. It is a subsidiary of Kiko Milano. In January 2018, the USA company applied for Chapter 11 bankruptcy protection. It wanted to solve its financial issues by shutting down almost all of its American stores. There are around 30 locations across the country, and they are all located in malls. On the bright side, the international business is doing well. Kiko USA has been trying to negotiate with landlords to bring down the rent, as well as terminate leases.