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Stein Mart filed for Chapter 11 bankruptcy in August 2020 with intent to close all of its locations due to the COVID-19 pandemic. [288] Sur La Table filed for Chapter 11 bankruptcy in July 2020. [22] It was subsequently acquired by Marquee Brands and CSC Generation. [289]
Furrs Supermarkets – New Mexico/West Texas; went bankrupt in 2001. Genuardi's – defunct as of 2012 as a chain; 2015 all locations; Giant – Ralphs big box format; Southern California; Giant Open Air – merged with Farm Fresh Food & Pharmacy; Haggen – west coast regional chain, acquired by Albertsons. Several locations still exist.
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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.
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]
As the economy emerged out of the Covid-19 pandemic, companies faced a laundry list of problems arising from high costs, supply shortages and growing competition. ... Here are 7 of the well-known ...