Editor
The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt.
In March 2020, at the onset of the pandemic, Showfields entered a loan agreement with the US Small Business Administration for $500,000 and financing firm Pipe Technologies for $1.4 million. Showfields had a little over $3,000 in cash on hand when it filed on Oct. 6….
