Retail Roundup
Wiz stores in bankruptcy: Only a week after being acquired from Cablevision by GBO Electronics Acquisition LLC, The Wiz stores initiated a bankruptcy petition in the District of Delaware to "maximize company assets," according to a March 14 press release from TW Inc., as The Wiz is now known. The 17-store electronics chain is seeking protection from creditors under Chapter 11 of US bankruptcy law and approval to conduct going-out-of-business sales at its stores in the New York metro area.