AmeriMark Interactive filed for Chapter 11 bankruptcy.
The D2C retailer's revenue fell from $850M in 2020 to $475M in 2022.
- AmeriMark listed debt of $500M in its Chapter 11 filing.
- It listed assets of only $50,000 or less.
- Six affiliated debtors filed for voluntary bankruptcy along with AmeriMark.
- They
include AMDRL Holdings, AmeriMark Intermediate Sub, AmeriMark Direct,
AmeriMark Intermediate Holdings, Dr. Leonard's Healthcare, and LTD
Commodities.
- The company began as a catalog retailer, and its target customer is over 50 years old.
