Sorry, frequent flyers: You might have to look elsewhere for your wine glass holder necklaces and glow-in-the-dark toilet seats. Everyone's favorite in-flight catalog, SkyMall, filed for Chapter 11 bankruptcy protection Thursday, The Wall Street Journal reports.
SkyMall LLC, parent company Xhibit Corp., and other affiliates are looking for a bankruptcy-court supervised sale of their assets. SkyMall earned $33.7 million in 2013, but just $15.8 million for the first nine months of 2014.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How the New World Screwworm is making a deadly comebackThe explainer The parasite is spreading quickly
-
A running list of all the celebrities Trump has pardonedIN DEPTH Reality stars, rappers and disgraced politicians have received some of the high-profile pardons doled out by the president
-
US credit rating: what it is and why it mattersthe explainer Credit rating agency Moody's downgraded the US last month
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
