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In an August 6, 2020 a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico. [12] In 2023, Famsa closed their stores in Mexico only 3 stores open. [2] Finally on March 31, 2023, Famsa closed its final and first location in Monterrey, Ending the 53 year old chain, as of December ...
Chico's FAS closed 120 stores by 2017 and another 50 stores closed by 2018. [89] The company announced a further 40 store closings in June 2022. [90] The Children's Place announced on June 11, 2020, that 300 stores across the United States, Canada, and Puerto Rico would be closing in the following months. [91]
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 ...
Rubio's / FacebookA popular Mexican chain made major headlines in May when it abruptly closed 48 underperforming restaurants. The chain's financial struggles have now come to a head as it resorts ...
The third major stationery chain to declare bankruptcy within a year, Paper Source filed for Chapter 11 in March 2021 and closed at least 11 of its nearly 160 stores. The company had grown rapidly ...
The chain had 2,253 stores as of September 3, and the U.S. Bankruptcy Court in New Jersey also approved additional closings at a later date. Rite Aid is closing more than 150 stores as part of its ...
On May 31, 2024, the chain closed 48 stores in California (including 13 in its hometown area of San Diego) [13] out of an original 134 in California, Arizona and Nevada. [14] On June 5, 2024, Rubio's for the second time in four years filed for Chapter 11 bankruptcy , with plans to sell itself to its lenders.
More Big Lots to Close Their Doors Permanently. Earlier this year, the discount retail chain Big Lots filed for bankruptcy, announcing it would be closing hundreds of stores nationwide.