2019 proved to be such an unsuccessful fiscal year for many retail chains, it sent some into downsizing their number of stores, and others into full bankruptcy.
There's been a lot of media coverage about Revel and their upcoming pre-packaged Chapter 11 Bankruptcy filing. Most of the coverage has been hyper negative.
FoxBusiness / February 12, 2013 -- Less than a year after the $2.4 billion resort opened its doors to guests, Atlantic City’s Revel resort is reportedly exploring a prepackaged bankruptcy amid gloomy tumbling revenues.