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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]
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]
Its eventual parent company was Sun Capital Partners, headquartered in Boca Raton, Florida. The company filed for bankruptcy on May 11, 2017, and was eventually liquidated. Topvalco, Inc., a subsidiary of supermarket competitor Kroger purchased 11 out of the 44 remaining stores while Ohio-based Fresh Encounter purchased another 15 stores. The ...
At first employing 1,600, by the end of 2022 it only had 260 full-time employees. In 2021, just a few years after launching, it warned that it could go out of business.
Retail bankruptcies were rampant in 2018. For premium support please call: 800-290-4726 more ways to reach us
2017 is set to go down as the year of the retail apocalypse. Brick-and-mortar chains have announced more store closings this year than any other on record. 15 retailers that went bankrupt in 2017
The COVID-19 pandemic exacerbated many issues affecting retailers, as many were forced to shut down due to non-pharmaceutical interventions that were issued in an effort to mitigate the pandemic. [35] At the same time, online shopping boomed during the coronavirus-related lockdown, even though it came back down starting in 2022. [36]
Here are 12 well-known companies that went bankrupt in 2024. Jordan Valinsky, CNN. ... food quality, service and restaurant upgrades hurt the chain’s ability to compete with growing fast-casual ...