Leslie’s files prearranged Chapter 11: 76 stores shut, lenders take over

Leslie's Chapter 11

Leslie’s filed prearranged Chapter 11 petitions on September 30, 2026 and closed 76 underperforming stores, with lenders holding over 80% of its debt backing the plan. The restructuring targets elimination of roughly $685 million, about 90% of funded debt, and hands majority ownership to the lender group.

Apple and Amazon face £289m UK class action: Amazon buyers certified

Apple Amazon class action

Britain’s Competition Appeal Tribunal certified an opt-out class action against Apple and Amazon covering Apple and Beats products bought on Amazon’s UK marketplace, a claim the claimant values at £289m to £306m including interest. It refused to certify the larger portion covering purchases from Apple directly and from other retailers.

Why the tariff-refund windfall is likely to end in buybacks, not price cuts, by March 2027: 3 earnings tells

tariff refunds buybacks: cash flow splitting between a rising bar chart and a retail shelf

Retailers have booked most of their IEEPA tariff refunds, and the second-quarter filings split into reinvestors (Walmart, Dollar Tree, Burlington) and bankers (Target, Home Depot, TJX, Ross, Dollar General). The signals point to the banked cash reaching shareholders by the March 2027 reporting round, with Target resuming buybacks as the test case.