Hertz Files Chapter 11
Yesterday, Hertz Car Rental filed for Chapter 11 bankruptcy, meaning the company will attempt to reorganize in order to stay alive. Hertz currently has a Florence location on Cox Creek Parkway.
Hertz is the fifth retail/service chain with local outlets to file in the past seven days. Financial pundits are predicting a rough summer for business in the U.S. How much this will ultimately affect the Shoals remains to be seen.