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Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy
A five-day strike by Starbucks baristas had closed 59 stores as of Monday afternoon, according to the union organizing the workers. The strike, which began Friday in Los Angeles, Chicago and ...
In 1996, the parent company decided to close all remaining stores, but Thom McAn footwear is available in Kmart stores. [69] Today's Man – a men's suiting store that began in the 1970s and expanded rapidly in the 1980s and 90s. Overexpansion brought the brand to bankruptcy in 1996.
Howard Johnson's was the largest restaurant chain in the U.S. throughout the 1960s and 1970s, with more than 1,000 combined company-owned and franchised outlets. [2] Today, the chain is defunct—after dwindling down to one location, the last Howard Johnson's restaurant (in Lake George, New York) closed in 2022 due to the COVID-19 pandemic. [3]
Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chain’s parent company abruptly shut down dozens of locations around the US.. Bloomin ...
Conversion from a shopping mall into an open-air, mixed-use area may entail the demolition of parts of or all of the former shopping mall. An example of this can be seen in Fairfax County, Virginia , where the old Springfield Mall was converted into Springfield Town Center , a mixed-use development that includes a 12-screen movie theatre, shops ...
1. Red Lobster. As of May 2024, Red Lobster is facing tough times and is shutting down at least 48 locations across the U.S., CNN reports. An online auction is selling off kitchen equipment and ...
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