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Aerosoles (AGI HoldCo) filed for Chapter 11 bankruptcy in September 2017 and closed 74 retail stores, leaving only four flagship stores in New York and New Jersey. [8] Aéropostale filed for Chapter 11 bankruptcy in May 2016 and closed 113 stores in the United States, along with all of its 41 stores in Canada. [9] It emerged from bankruptcy in ...
F.A.O. Schwarz – sold to Toys 'R Us after bankruptcy in 2009; all stores closed except original NYC flagship store, which closed in 2015. [178] The chain was bought out by ThreeSixty group and opened two new locations in Rockefeller Center, and LaGuardia airport, with plans to open up to 30 more in the future.
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Payless, Gymboree, Charlotte Russe and Shopko all filed for ...
LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in ...
Discount retail chain Big Lots is declaring bankruptcy as it plans to close hundreds of stores nationwide, including one in Woodbridge in New Jersey.. As part of the Chapter 11 bankruptcy ...
In 2022, Bob’s Stores was sold to GoDigital Media Group. Bob’s joins a growing number of retail bankruptcies in 2024, spurred from a slowdown in consumer spending and rising inflation.