Search results
Results from the WOW.Com Content Network
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 ...
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]
Merry-Go-Round – Merry-Go-Round had more than 500 locations during its heyday in the 1980s. It went bankrupt in 1995. [65] Mervyn's – a California-based regional department store founded in 1949. Mervyn's ill-fated expansion out of West Coast markets in the months before a recession sent the company into bankruptcy in 2008. [66] [67]
Walmart Inc (NYSE:WMT) downsized its workforce by hundreds and urged its employees to move to central offices in Arkansas or California. The retail giant told its Hoboken, New Jersey, and other ...
In 2015, the company filed for bankruptcy due to declining sales, the rise of e-commerce and mounting competition from bigger retailers like Walmart and Best Buy. It was a relatively quick death ...
The post’s reference to Walmart is likely citing reports that the business closed 23 stores in 2023. These reported closures actually occurred in 14 states, however, not eight as the post claims.
The phrase "retail apocalypse" began gaining widespread usage in 2017 following multiple announcements from many major retailers of plans to either discontinue or greatly scale back a retail presence, including companies such as H.H. Gregg, Family Christian Stores and The Limited all going out of business entirely. [18]
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.. The big-box retailer confirmed the layoffs and relocations in a ...