THIS IS HORRIBLE. Their massage chairs are the best part of going to the mall. Without them, what's the point of going?
https://www.cnbc.com/2018/08/02/brookstone-files-for-bankruptcy-to-shutter-100-stores-in-malls.html
Brookstone announced its plans to file for Chapter 11 bankruptcy protection and hopes to find a buyer for certain parts of the chain, which is known for selling unique gifts and tech gadgets at its stores.
The company said in a press release Thursday it's already started the process of shuttering its remaining 101 mall stores across the U.S. Brookstone cast blame on a "continued deterioration of traditional mall traffic."
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"The decision to close our mall stores was difficult, but ultimately provides an opportunity to maintain our well-respected brand and award-winning products while operating with a smaller physical footprint," Brookstone CEO Piau Phang Foo said in a statement.
The company said it will continue to operate its airport, e-commerce and wholesale businesses — these units are what it hopes to sell. Brookstone currently has 35 locations in airports across the U.S.
This is the second time the retailer finds itself in this situation. In 2014, Brookstone filed for bankruptcy protection and was later sold to a Chinese business that kept most of its more than 200 locations running at the time.
https://www.cnbc.com/2018/08/02/brookstone-files-for-bankruptcy-to-shutter-100-stores-in-malls.html