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Individuals with knowledge of the situation said the discount home goods store may file as early as Sunday, Bloomberg reported on Friday, noting the company isThe company will continue to operate under Chapter 11 protection, the people said, and is in the process of lining up a so-called stalking horse bid, meaning it’s subject to better offers should any materialize. The company has been working with advisers from AlixPartners and Guggenheim Partners on the bankruptcy and sale process.
“Dollar Tree’s latest earnings report offers a grim reflection on the state of the American economy. What we are witnessing is not just a minor fluctuation in retail performance, butthat, under the stewardship of Joe Biden and Kamala Harris, has manifestly lost its way,” Carney wrote. “The Biden-Harris administration, with its reckless fiscal expansions and ideological hubris, has forced consumers into a corner. It was inevitable that; and now, with Dollar Tree’s stock plunging nearly 25 percent, the axe has finally bitten into the grain,” he stated.Weaker Than Expected: U.S.
Chicago Fed Pres.: More Jobs Reports Like the Last 3 Might Make Me ‘More Nervous’, There Are ‘Warning Signs’
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