bankruptcy

The retail apocalypse continues: clothing retailer Forever 21 is reportedly set to file for bankruptcy protection in an effort to restructure it's debt.

Yet another retailer with locations in Central New York has filed for bankruptcy - and is planning on closing nearly 100 of its stores.

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The decision was made to “preserve the existing stores, 350 employees and continue providing great products at reasonable prices to the Central New York community,” according to their press release.

Just months after closing all their United States stores - including those in Central New York - Toys R Us is planning a comeback.

Tops Market was granted approval by the court to close stores that the company describes as 'underperforming'.

Toys R Us has made the decision to close its US stores. Now, the company is telling customers they don't have much time to use any remaining gift cards.

Toy R Us will close all of its remaining 800 US stores by the end of the year, including the New Hartford and Syracuse stores.

The clock is ticking on Toys R Us, and - if recent reports are accurate - it's simply a matter of time before the New Hartford store is closed.

Central New York has lost a number of large retailers in the past few years, including Gander Mountain, Kmart and Circuit City. Now, another big store has filed for bankruptcy protection...and experts say the future doesn't look good.