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In 1985, it was acquired by Zayre, a Framingham, Massachusetts-based discount department store chain. After Zayre was acquired by Ames, HomeClub was spun off under a new company called Waban Inc., which also owned BJ's Wholesale Club. In 1991, it discontinued its membership program and adopted the HomeBase name shortly thereafter.
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
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]
We're just a few months into 2019, but we've already seen a number of major retailers file for bankruptcy. These 10 retailers have filed for bankruptcy or liquidation in 2019 Skip to main content
Neiman Marcus Holding Co said it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses.
At the same time, however, Zayre was renovating its discount department stores and expanding its product mix. [4] In 1984, Zayre Corp. introduced a new warehouse retail concept to the Northeast called BJ's Wholesale Club. The self-service, cash-and-carry, membership warehouse sells general merchandise and food at wholesale prices.
Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a battle over which group will be paid first.
and, following a bankruptcy court auction, moved to close 35 of its 45 stores in December 2008. The Chapter 11 reorganization was converted to Chapter 7 liquidation on February 26, 2009. Some of NWL's assets were acquired out of bankruptcy by NSC Wholesale Holdings Inc., operated by former NWL executives. [1]