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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.
In the 1980s, it underwent a massive expansion of both HQ and the Hechinger Co. divisions, opening big-box stores to better compete with rivals Home Depot and Lowe's. In January 1995, Hechinger announced it would close or reformat 22 of its 131 stores, including closing all 14 of the Home Quarters Warehouse stores in North and South Carolina. [10]
Bebe announced plans to close all stores and focus solely on online sales. At its peak, Bebe operated a total of 312 stores, but by March 2017, this was down to 172. [39] Bed Bath & Beyond announced in April 2019 that it would close 40 stores and also open 15 new stores that year. The company continued to struggle through the retail apocalypse ...
The craft store world got a little smaller in November 2019, when A.C. Moore's parent company announced it would close the chain's 145 stores, mainly found on the East Coast. Major competitor ...
The closing of many Big Lots stores, as part of its bankruptcy, come in tandem with closures announced by other retailers such as Macy's, Kohl's and Party City, and more recently, JCPenney and Joann.
It is unclear if the retail stores plan to close by Feb. 16., but a separate declaration supporting the bankruptcy said Liberated Brands had about $3.3 million of cash on hand on Monday, which ...
The SEC put a moratorium on any IPO until the stock market stabilized. In December 1987, Hechinger agreed to buy HQ for $66 million (~$152 million in 2023). The merger was completed in February 1988, with Frank Doczi left in charge of the Home Quarters division (Kossar moves on to found OW Office Warehouse , an office supply store that used a ...
Full list of Stop & Shop stores closing by Nov. 2. After the closures, Stop & Shop will still operate 81 stores in Connecticut, 115 in Massachusetts, 47 in New Jersey, 91 in New York and 25 in ...