Search results
Results from the WOW.Com Content Network
The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
The pandemic forced it into Chapter 11 and closed most of its restaurants, which have dwindled to six from about 100. The company said it plans to focus on Furr's and Tahoe Joe's after it ...
Closed the majority of its retail stores in 2021 mainly due to the COVID-19 pandemic, with merchandise moved online and to department stores such as Target and JCPenney. [ 57 ] Edison Brothers Stores – operator of numerous shoe and clothing chains, including Bakers Shoes, Wild Pair, J. Riggings, Oaktree, Foxmoor and Fashion Conspiracy.
Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on costs by closing locations. Here are some of the most notable bankruptcies of 2024 ...
On May 5, Nordstrom announced its intentions to close 16 locations. [34] The company announced sales were down 40% due to the pandemic on May 28. [35] On May 7, luxury department store chain Neiman Marcus filed for Chapter 11 bankruptcy. CEO Geoffroy van Raemdonck insisted that the stores would not be liquidated but that the filing was made to ...
Pier 1 declared bankruptcy in 2020, right before the pandemic had fully taken hold, and the company hoped to find a buyer to breathe life into the struggling chain of home-goods stores.
Pages in category "Companies disestablished due to the COVID-19 pandemic" The following 26 pages are in this category, out of 26 total. This list may not reflect recent changes .
The post-pandemic shopping boom has ended, and many stores that were on a downward trajectory before 2020 are now headed back down that path to bankruptcy as normalcy returns to the retail industry.