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On January 14, 2009, Gottschalks filed for Chapter 11 bankruptcy. [1] In March 2009, Gottschalks announced it lined up a group of bidders that would liquidate the chain if no other bidder was found by March 30. [9] On March 31, Gottschalks announced it would liquidate its remaining stores. [3] [10] The chain's final stores closed July 12, 2009.
During Lamonts third bankruptcy in 2000, Troutman's offered a bid on the company but was outbid by Gottschalks. The company proposed to change some stores to Troutman's Emporium and sell others to The Bon Marché, an upscale department store chain based in Seattle. Lamonts would eventually be acquired by Gottschalks out of bankruptcy court ...
Tower Records – founded in 1960 in Sacramento, California; all retail stores were liquidated in 2006 [156] and the name was purchased for use as an online-only retailer Turtle's Records & Tapes – Atlanta, Georgia based chain with most stores located in Georgia and Florida; acquired by Blockbuster in 1993 and converted [ 150 ]
In California, the city of Stockton boasts a Then, Jefferson County, Alabama. Now, hold onto your hats folks -- we could be just days away from seeing the biggest municipal bankruptcy in U.S. history.
The Harris Company was a retail corporation, based in San Bernardino, California, that operated a chain of department stores named Harris', all in Southern California.Philip, Arthur, and Herman Harris – nephews of founder Leopold Harris of what was once the large Los Angeles–based chain Harris & Frank – started the company with a small dry goods store in 1905, and the company eventually ...
Gottschalks, bankrupt March 31, 2009, which closed all of the stores. [61] A few former Gottschalks stores were replaced as Macy's and Forever 21 in the Pacific region. There were plans to reopen stores in Auburn, Clovis and Oakhurst in spring 2011, [62] [63] but the deal ultimately fell through. [64]
In April 2000, California-based Gottschalks purchased Lamonts' store leases for $19 million (~$32 million in 2023). [36] The $19 million deal did not include Lamonts inventory, which was sold off. [36] Gottschalks eventually filed for Chapter 11 bankruptcy and liquidated in mid-2009 during the late-2000s recession.
In conjunction with its filing for bankruptcy, Vintage has filed a notice for mass layoffs with California authorities after already cutting its workforce by at least 15% earlier this year and 7% ...