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While summer officially began just a couple of weeks ago, many retailers are already putting their summer merchandise on sale and to the clearance racks dismissing this summer as a complete wash.
Department stores like Macy’s have discounted summer clothing and swimwear down 50%. Other retailers …

Peanut Corporation of America, the company behind the salmonella peanut butter recall, has finally filed for Chapter 7 bankruptcy. Chapter 7 is for companies to liquidate assets and pay off creditors.
The company was considering chapter 11 protection, but realized that chapter 7 liquidation would  be …

Circuit City is going out of business, all the stores owned in the United States are liquidating. That used to mean that good deals could be found around the store…it used to anyway.
Now it means that the liquidator can mark up the price to discount …

A while back, I wrote about how Circuit City’s liquidator had been liquidating items for CompUSA at a higher price than before bankruptcy. Well, Good Morning America came out this morning finding exactly what I had written about weeks ago.
Linens-N-Things has been found guilty of …

Just like I was blogging about yesterday, Forbes.com released an article about how companies could have sold customers $100 million in worthless gift cards.
Remember, there are no obligations for companies that have filed for bankruptcy to redeem gift cards. So, now that Circuit City has …