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When Big Lots announced it was filing for Chapter 11 bankruptcy protection in September, it planned on closing more than 340 stores, USA TODAY reports. Another 50 closures were announced in October.
Cook United filed for Chapter 11 bankruptcy in October 1984 and, after 19 more store closings, the entire chain was down to 53 stores. [8] Cook used bankruptcy protection to modernize stores and converted many of them to the Cooks Discount Department Store nameplate. The leaner, Ohio-centered portfolio did not help financial conditions.
Phar-Mor, unable to compete, was forced into bankruptcy for the second time in September 2001, only about six and a half years after it had emerged from its prior three-year-long bankruptcy. [9] The company was delisted from the NASDAQ Stock Market on October 10, 2001. [10] Phar-Mor became weaker during its last years of business.
True Value has filed for bankruptcy, joining a line of other retailers with Ohio locations to make the financial move. Here's how that affects Ohio. True Value hardware store files bankruptcy, to ...
Nov 3 (Reuters) - Vitamin Shoppe-owner Franchise Group, backed by investment bank B. Riley Financial, said on Sunday it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court ...
MC Sports – filed for bankruptcy and closed in 2017; Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores. At the time of the announcement, Modell's was the world's oldest sporting goods chain