According to reports, sales of the major US discount retailer Piloto have dropped sharply, and the company is weighing the possibility of filing for bankruptcy as a result. Piloto was founded in 1967 and is headquartered in Columbus, Ohio, USA. It is one of the largest discount retail companies in the US, as of March 6, 2015. According to media reports late Wednesday, citing people familiar with the matter, the discount retailer is considering filing for bankruptcy as a possible option. A source familiar with the situation told the media that Piloto is trying to find investors to avoid filing for bankruptcy in accordance with Chapter 11 of the Bankruptcy Protection Act. About two and a half months ago, in mid-June, the discount retailer stated in a filing with the US Securities and Exchange Commission that it “has significant doubts about the company's ability to continue operating” as its shoppers' spending declined due to inflation.

According to reports, sales of the major US discount retailer Piloto have dropped sharply, and the company is weighing the possibility of filing for bankruptcy as a result. Piloto was founded in 1967 and is headquartered in Columbus, Ohio, USA. It is one of the largest discount retail companies in the US, as of March 6, 2015. According to media reports late Wednesday, citing people familiar with the matter, the discount retailer is considering filing for bankruptcy as a possible option. A source familiar with the situation told the media that Piloto is trying to find investors to avoid filing for bankruptcy in accordance with Chapter 11 of the Bankruptcy Protection Act. About two and a half months ago, in mid-June, the discount retailer stated in a filing with the US Securities and Exchange Commission that it “has significant doubts about the company's ability to continue operating” as its shoppers' spending declined due to inflation.