Correction: Fashion retailer files Chapter 11 bankruptcy

Company Overview - Shoshanah Fashions, Inc. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court on January 14, 2026, under case number 26-10083, indicating a voluntary filing [2][7] - The bankruptcy petition revealed that Shoshanah Fashions has assets valued between $0 and $100,000 and liabilities ranging from $100,001 to $1,000,000, with the number of creditors reported to be between 1 and 49 [3] Industry Context - The filing of Shoshanah Fashions is part of a broader trend of bankruptcies in the retail and apparel sector during 2025-2026, which includes other retailers such as Joann and Saks Global [4][7] - The bankruptcy filing coincided with Saks Global's own Chapter 11 filing on the same day, highlighting ongoing challenges within the retail industry [4][7]