November 12, 2024 8:02 pm
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Brookstone files for bankruptcy, will close all mall stores

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By Nathan Bomey | azcentral

You may soon have to get your massage chair somewhere else.

Specialty goods retailer Brookstone, known for quirky products such as back-kneading chairs or Bluetooth speakers in the shape of footballs, filed for Chapter 11 bankruptcy protection Thursday and plans to close all of its remaining mall stores.

The company hired liquidators to close its about 100 remaining mall locations after declining foot traffic and management blunders crushed sales.

The retailer has been bleeding cash as customers increasingly shop online for the types of products it sells, such as high-tech blankets, headphones, travel pillows and exercise equipment.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.