The craft beer industry has struggled over the last two years with a decrease in production and a decline in the number of breweries in operation, according to the Brewers Association. While results from the Brewers Association's 2023 survey showed a slight 1% decrease in craft beer production,

Florida-based sporting goods retailer Surf 9 has filed for Chapter 11 bankruptcy amid a royalties dispute with water sports equipment maker Body Glove, according to court filings.

Another major retailer has fallen victim to the shifting tides of the fashion industry. Liberated Brands, the operator of well-known labels like Roxy, Quiksilver, Billabong, and RVCA in the United States and Canada,