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H. H. Gregg, Inc. Went bankrupt and closed in 2017; relaunched as an online retailer in 2017 and opened its first brick and mortar store in 2019 following bankruptcy. HiFi Buys; Highland Superstores – liquidated in 1993 [91] [92] [93] Incredible Universe – closed in 1997; six stores acquired by Fry's Electronics and the rest shut down
Bed Bath & Beyond is coming back to a physical store near you after going out of business last year. But this time, it’s taking up space at a rival. Beyond Inc., which bought the defunct ...
Boscov's continuing success makes it regarded as somewhat of an "outlier" because many department store retailers had begun pulling back to a degree on brick-and-mortar formats. Boscov's saw record sales of $1.2 billion in 2017. Since 2009, the chain continues to expand and opened its 47th store in Milford, Connecticut, in October 2018.
In late January 2018, The Bon-Ton announced a decision to optimize its brick-and-mortar format by shuttering 42 stores in 14 states, in addition to five stores previously announced. [17] In February 2018, The Bon-Ton Stores Inc. filed for Chapter 11 bankruptcy protection with the likelihood of satisfying its long-term debt. [18]
Online banks generally outshine brick-and-mortar banks when it comes to loan costs. While the average rate for a personal loan is 12.10 percent, according to Bankrate’s latest survey, some ...
Netflix, which led the industry in streaming entertainment directly to people’s living rooms, is about to enter the brick-and-mortar space—but unlike Blockbuster, the onetime king of the hill ...
All Motherhood Maternity and A Pea in the Pod locations were closed by the end of 2019, although A Pea in the Pod would eventually re-launch brick-and-mortar operations with concept stores in Chicago and New York. [114] [115] Dirt Cheap filed for bankruptcy on October 10, 2024 and announced that all of its discount stores would be liquidated. [116]
Since 2017, the phrase is frequently applied to brick-and-mortar closures in retail, with the retail apocalypse creating a domino effect on manufacturers and suppliers; Hasbro, for example, cited the loss of the Toys "R" Us chain as a major cause for lost revenue and layoffs the company imposed in October 2018. [20]