LAX World Shuts Down Retail Stores
The struggling retailer has closed all 16 of its stores, although it continues to process orders on its website. The chain has a number of judgments against it from landlords and from Champion Products for non-payment and a just-filed suit from Maverick that claims LAX World owes it for $466,257.18 in unpaid invoices plus $34,361.81 in interest. There has been no bankruptcy filing. The company has also vacated its DC and headquarters in Cockeysville, MD, with an eviction notice on the door that said the chain owes more than $11,200 in unpaid taxes, according to the ... Log in to view full article.