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The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 [2] [3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed.
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
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.
Another home goods store that went bust in 2023 was Tuesday Morning, which filed for Chapter 11 bankruptcy in February because of its “exceedingly burdensome debt.” It was its second ...
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Pages in category "Defunct supermarkets of the United States" The following 125 pages are in this category, out of 125 total. This list may not reflect recent changes .
Once a mall stalwart, this well-known fashion retailer went bankrupt at the beginning of 2017 and closed all of its roughly 250 stores. Though it initially planned to become an e-commerce company ...