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Business bankruptcy filings were also up this year by 33.5 percent, from 17,051 to 22,762, according to data from the federal government. Red Lobster was a standout bankruptcy story in 2024.
On April 17, 2018, The Bon-Ton announced plans to go out of business after being purchased by two liquidators. [73] Borders, which included its namesake chain, along with Waldenbooks, filed for bankruptcy and closed all of its stores in 2011. [74] Brooks Brothers filed for Chapter 11 bankruptcy in July 2020. [75]
Walmart explained the decision in its April 30 statement: "We understand this change affects lives – the patients who receive care, the associates and providers who deliver care and the ...
Walgreens is pulling the plug on 1,200 stores over the next three years. That's no small cut. And they're not the only ones feeling the squeeze. Business Insider reported that CVS and Rite Aid are ...
Health retailer GNC announced the closure of "at least 800 to 1,200 stores" after filing for Chapter 11 bankruptcy on June 23. [46] The United States Department of Commerce reported that retail sales had increased by 7.5% in June as lockdown restrictions were further eased. [47] Old Time Pottery filed for Chapter 11 bankruptcy on June 30. [48]
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
The dominant merchandiser in the U.S. has been losing business, and many, including the Wall Street Journal, speculate the reason is because Walmart Losing Business, Looks to Retool Skip to main ...
Big Lots is among the many well-known retailers to file for bankruptcy in 2024 as consumers cut into discretionary spending. Last week, Party City announced it filed for bankruptcy protection and ...