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Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [290] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22] It was subsequently acquired by Marquee Brands and CSC Generation. [291]
Furrs Supermarkets – New Mexico/West Texas; went bankrupt in 2001. Genuardi's – defunct as of 2012 as a chain; 2015 all locations; Giant – Ralphs big box format; Southern California; Giant Open Air – merged with Farm Fresh Food & Pharmacy; Haggen – west coast regional chain, acquired by Albertsons. Several locations still exist.
The chain sought government aid to stay afloat for some of 2020 but filed for Chapter 11 bankruptcy, citing "significant financial distress" caused by both COVID-19 and customers' changing buying ...
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Retail bankruptcies were rampant in 2018. For premium support please call: 800-290-4726 more ways to reach us
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
As the economy emerged out of the Covid-19 pandemic, companies faced a laundry list of problems arising from high costs, supply shortages and growing competition. ... Here are 7 of the well-known ...