Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble ...

Yet another retailer is ramping up “going out of business” sales at all of its U.S. stores. Forever 21, a clothing retailer, filed for bankruptcy protection in mid-March. The liquidation sales are ...

The party’s over for Party City. The New Jersey-based retailer, which had more than 850 locations globally as of August this year, will shutter all its stores after running out of money to stay in ...

United Airlines and Spirit Airlines are clashing over the future of ultra-low-cost carrier (ULCC) models. While Spirit has thrived on this model, it filed for its second bankruptcy in under a year ...

Big Lots is closing more stores nationwide, signaling a major shift for the discount retailer. Founded in 1967 as Value City, the company rebranded to Big Lots in 1982 and expanded its product ...