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Great Atlantic & Pacific Tea Co. is considering a bankruptcy filing among possible options as the 156-year-old grocer works to cut costs, Bloomberg News reported yesterday. A filing, which would be the chain’s second in five years, could come as soon as next month. Bids for A&P were due last month as part of an auction for the company, but no viable offers for the entire chain were received, meaning that the stores could be sold piecemeal, marking the end of what was once the largest U.S. grocer. The company said in March that it was reviewing strategic alternatives for the business, and that process continues, according to Hugh Burns, a spokesman for Montvale, New Jersey-based A&P at Sard Verbinnen & Co.

The former RadioShack won court approval of the last major transactions of its bankruptcy case: more than $50 million worth of real estate in Texas, California and Maryland, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Brendan Shannon said at a hearing this week that he will sign off on the deals, according to a lawyer present at the session in the U.S. Bankruptcy Court in Wilmington, Del. Properties in Fort Worth, Texas, and Woodland, Calif., are being sold to B.H. Management Inc. for $39.29 million. SK Realty Management LLP is buying the former RadioShack 's Hagerstown, Md., property for $11.4 million, court papers say.

Authentic Brands Group LLC, which owns celebrity brands such as Elvis Presley and fashion brands including Jones New York, said that it completed its buyout of lingerie brand Frederick's Of Hollywood Inc., the Associated Press reported yesterday. A bankruptcy court judge approved the $22.5 million sale earlier this month. Authentic Brands said yesterday that the deal increases its portfolio to nearly $5 billion in retail sales. Authentic Brands also owns the celebrity brands for Marilyn Monroe and Muhammad Ali and fashion brands including Juicy Couture and Airwalk.

California retailer Anna's Linens Inc. filed for chapter 11 protection on Sunday with plans to sell its chain of home goods stores, Dow Jones Daily Bankruptcy Review reported today. In court papers filed yesterday, Anna's Linens said that it is currently in talks with New York investment firm DW Partners LP to sell its retail chain in a deal it hopes will save employees' jobs. It has until Friday to confirm a bid, which could then be put to test at a bankruptcy-court-overseen auction. The retailer's backup plan, should a going-concern sale not pan out, is liquidation.

Mediterranean restaurant chain Olga’s Kitchen Inc. filed for chapter 11 bankruptcy protection on Thursday, Crain’s Detroit Business reported on Friday. Olga’s, founded in Birmingham, Mich., in 1970 by Olga Lorizon, owes millions of dollars to dozens of creditors, including $2.4 million to Citizens Bank, $1.2 million to food distributor Sysco Corp. and $103,843 to Detroit-based law firm Dickinson Wright PLLC. The restaurant chain also owes taxes to the state of Michigan and the Internal Revenue Service, though the amounts were not listed in the bankruptcy filing. Olga’s listed assets and liabilities of $1 million to $10 million in the filing.

RadioShack Corp. filed a bankruptcy liquidation plan explaining how the remaining assets of the once-iconic consumer-electronics retailer will be distributed, Bloomberg News reported on Saturday. The plan follows the sale of about 1,700 of the Fort Worth, Texas-based chain’s stores -- as well as the rights to its name -- to Standard General LP. The hedge fund plans to run the locations under a co-branding arrangement with Sprint Corp. In addition to buying the stores for about $145.5 million, Standard General purchased data on about 67 million customers in a $26.2 million deal for assets including the RadioShack name. The plan filed on Friday in bankruptcy court doesn’t include specific distribution amounts.

Most of the data belonging to 117 million RadioShack customers is safe, CNNMoney.com reported yesterday. The bankrupt chain originally proposed selling the information to raise money and repay creditors. But that sparked a backlash from suppliers including AT&T and Apple, as well as the Federal Trade Commission and consumer advocates who argued that the electronics retailer had promised customers it would protect their data. RadioShack struck a deal with a coalition of 38 state attorneys general to destroy most of RadioShack's consumer data, and stipulated that no credit or debit card account numbers, social security numbers, dates of birth or even phone numbers would be transferred. The agreement was part of the sale of all of RadioShack's assets for $26.2 million, and was approved by the bankruptcy court late last week. Most of the assets, including some limited customer information, were purchased by General Wireless, a subsidiary of RadioShack's largest shareholder, which intends to keep 1,750 of the stores open with the RadioShack name and operate its online business. General Wireless agreed not to sell the customer data it is buying to a third party, and to comply with RadioShack's previous privacy promises.

Home goods retailer Anna's Linens Inc. has hired restructuring advisers and is planning to file for bankruptcy in the coming weeks, Dow Jones Daily Bankruptcy Review reported today. The California-based retailer of bed linens and towels is in the process of selecting a lead bidder for some or all its stores in a court-supervised auction, though it's possible that at least some of the stores will be liquidated. The company has hired the law firm Levene, Neale, Bender, Yoo & Brill LLP to assist in preparing the filing. Anna's Linens operates more than 300 stores with some 3,200 employees. Read more.

Online streetwear retailer Karmaloop Inc., which was sold to one of its creditors on Thursday, drew interest from a number of celebrities — including Kanye West, the Wall Street Journal reported on Saturday. “We were doing our best to avoid being starstruck,” said Michael O’Hara, Karmaloop’s investment banker. Entertainment moguls, well-known athletes and at least 50 other prospective purchasers held meetings with Karmaloop’s professionals during a months-long effort to find a buyer for the bankrupt company. Davies said Karmaloop’s core demographic, those between the ages of 18 and 35, was particularly attractive to many of the sports stars and other celebrities.