February 22, 2018 / 12:57 AM / 8 months ago

With brick-and-mortar model 'obsolete,' Bachrach liquidating in Ch. 11

Bankrupt men’s apparel retailer Bachrach will seek court approval on Thursday for its plan to liquidate its inventory and close all of its remaining stores to bring its 140-year run in business to an end.

Bachrach’s parent, B&B Bachrach LLC, in court papers on Tuesday said it can no longer sustain a traditional retail model that depends on foot traffic, which has been falling as shoppers increasingly buy goods online.

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