Overview
- The Sugar Land, Texas retailer filed its petition on Oct. 24, listing $100,000–$500,000 in assets and $1 million–$10 million in liabilities.
- Court documents indicate the company intends to continue operating as it reorganizes under Chapter 11.
- A hearing on Oct. 29 in the Northern District of Texas will consider requests to maintain operations, including payroll and vendor payments.
- The filing follows reported 10%–20% year-over-year sales declines, projections of steeper drops in 2025, rising costs, and weakening e-commerce performance.
- Coverage links the pressure to surging cocoa and sugar prices and 2025 price increases by Hershey and Mondelez that have weighed on independent candy retailers.