Claire's, jewelry store chain for teens, closing 290 locations amid bankruptcy
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
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Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
In a court filing this week, the Hoffman Estates-based retailer listed more than 290 stores it plans to close.
The popular global jewelry retailer will be selling most of its business in North America to the private equity firm Ames Watson.
CBS News Chicago started investigating Gast Monuments after multiple families told us it never delivered the headstones they paid for.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Toys "R" Us opened a new standalone store in the Chicago suburb of Norridge, a surprising turnaround for the company that filed for bankruptcy in 2017.
The company, known for its plastic food storage containers, announced the filing in a statement. Chapter 11 bankruptcy allows companies to solve financial problems by restructuring. The company was founded in 1946.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Dolton, Illinois' acting police chief appeared before a federal judge and pleaded not guilty on Thursday to multiple charges of bankruptcy fraud and perjury, among others.
Federal prosecutors said Lacey lied about his income in bankruptcy statements in order to halt enforcement of a settlement order in a lawsuit filed against him.
The Winnetka-based private equity firm Osprey Capital submitted the winning bid at the bankruptcy auction Wednesday morning.
The bids come from Dutch Farms and the private equity firm Hoffman Family Companies, who said they will make a competitive offer.
The company announced Tuesday that it received a stalking horse bid to purchase its operating assets.
Express will be closing stores soon in the Loop, Lincoln Park, Lincolnwood, and Merrillville, Indiana.
Dolton Village Manager Keith Freeman has been accused of falsifying his income in a bankruptcy filing, and faces up to five years in prison if convicted.
Oberweis listed more than $4 million in unsecured debt to its top 20 creditors, including more than $770,000 to an Illinois trucking company, and more than $173,000 to the Cook County Treasurer's office, which collects property taxes.
Robert Crimo Jr. reported debts of more than $1.6 million to at least 50 creditors, not including the mortgage on his home, for which his bank already has foreclosed.
Purdue Pharma has pleaded guilty twice to federal criminal charges relating to its marketing of oxycontin.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
We have introduced you to a number of Window Depot of Chicago customers who say they company took deposits for repair jobs – but never did the work. CBS 2's Charlie De Mar has the story of another customer, and what the company's former owner said in Bankruptcy Court.
Party City filed for bankruptcy protection Tuesday after years of losses and weak sales.
Less than a week after we told you about the financial struggles at Lincolnwood Town Center, the suburban mall's parent company has filed for bankruptcy.
Mercy filed last month for Chapter 11 bankruptcy with plans to close in May, citing operating losses of $7 million per month.
Crystal Hefner says she was removed from her position as president of the Hugh M. Hefner Foundation after voicing concerns over the thousands of scrapbooks.
The woman was pronounced dead at the scene after being found with multiple gunshot wounds, police said.
Chicago police are looking to identify the suspect above, who they said robbed a passenger on a CTA bus in Pilsen on Jan. 19.
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
Authorities have launched a death investigation after a 19-year-old was found unresponsive earlier this month at Naval Station Great Lakes.
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
Tricia McLaughlin, the Department of Homeland Security's top spokeswoman, is leaving her post next week, two U.S. officials familiar with her plans told CBS News.
Santita Jackson, the daughter of the Rev. Jesse Jackson, said Tuesday that she hoped people would remember her father as their "champion."
President Trump and the Rev. Jesse Jackson, who died Tuesday at the age of 84, knew each other for decades.
Democrats made their counteroffer on overhauling immigration enforcement on Monday, the latest step in talks to fund the Department of Homeland Security.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
In these Channel 2 News clips from 1988, Political Editor Mike Flannery joins the Rev. Jesse Jackson on the campaign trail in New York City, and then in Carlsbad, California along with his future congressman sons. Also, Linda MacLennan reports on soon-to-be-nominee Michael Dukakis’ calling for unity with Jackson at the Democratic National Convention, and Jim Avila reports on Eugene Sawyer and Tim Evans using their connections to Jackson to promote their 1989 campaigns for Chicago mayor.
In this Channel 2 News clip from 1975, the Rev. Jesse Jackson talks with sports director Brent Musburger about the search for a new UCLA basketball coach to replace the retiring John Wooden, and Jackson’s call for UCLA to consider Black candidates.
President Trump posted his condolences to the family of the Rev. Jesse Jackson following his death at 84 and called the civil rights leader a "force of nature like few others before him."
Meteorologist Mary Kay Kleist has the extended forecast.
Two people were killed in the shooting, and three others were in critical condition. Police said the shooter, who died by suicide, had a history of family-related issues, some related to the shooter’s gender identity.
Tributes are pouring in from Chicago residents and Illinois leaders remembering Rev. Jesse Jackson after his death at the age of 84.
A person was hit and killed by a CTA Blue Line train Tuesday morning in downtown Chicago, disrupting service for nearly two hours.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
The late Rev. Jesse Jackson might best be remembered as a longtime civil rights leader, but he also played a pivotal role in presidential politics.
The Rev. Jesse Jackson marched alongside Martin Luther King Jr., ran for president in the 1980s and led the Rainbow/PUSH Coalition in Chicago for decades.
Chef Art Smith said the carjacking and fatal shooting of his employee, Darwin Tirado, 22, was devastating not only to his family but also to the larger community.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
The move means the United States Environmental Protection Agency will no longer regulate greenhouse gases emitted from sources like cars, trucks and power plants.
With Alex Bregman now a member of the Cubs, Matt Shaw is making the transition from playing almost exclusively at third base to being a utility guy who will play in the outfield as well.
Cubs Chairman Tom Ricketts and manager Craig Counsell delivered a message to the Cubs team before their first full-squad workout.
Newly acquired Luisangel Acuna was among the White Sox players getting on the field for the first time.
The NBA Hall of Famer bear-hugged Reddick in victory lane and then jointly hoisted the Harley J. Earl trophy with the 23XI Racing driver.
Illinois pulled down 15 offensive rebounds, which led to 17 second-chance points, and outrebounded Indiana 38-25.
The DNA profile was recovered from gloves found during the investigation into the disappearance of Nancy Guthrie in Arizona.
A 14-year-old girl was shot Sunday morning in a home unincorporated Oswego Township, and a male victim was later found shot dead in the same home.
A device that can pick up certain electronic signals is being used in the search for Nancy Guthrie, as it may detect emissions from her pacemaker, sources told CBS News.
A woman was hospitalized Monday after being shot in Chicago's Auburn Gresham neighborhood.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
