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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]
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 ...
Its first bankruptcy happened in May 2020, during the peak of the pandemic because of prolonged store closures that caused an “insurmountable financial hurdle.” It previously had 700 locations ...
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A permanently closed mom and pop health food store in Port Charlotte, Florida. The phrase "retail apocalypse" first appeared in print in an early 1990s essay by Peter Glen, author of It's Not My Department! [14] Media appropriated the term to refer to multiple brick-and-mortar store closures resulting from shifts in consumer spending. [6]
Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010. [23] The interior of a BI-LO store in Chattanooga, Tennessee. On May 12, 2010, the company emerged from bankruptcy. [24] BI-LO, ranked by Supermarket News in the Top 75 Retailers, remained under ownership of Lone Star Funds after ...