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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]
Store closures and bankruptcy filings Company name Time period Number of stores closed Bankruptcy Open stores Source Borders Books: 2011 Closed all stores Liquidated None [42] The Bon-Ton: 2018 Remaining 267 locations liquidated Filed February 2018 None; last store closed October 2020 [43] [44] Sears Holdings: 2013–2021 1,380 Kmart and Sears ...
At the time of the announcement, the McColl's website listed a total of 1149 stores, with 755 branded McColl's, 270 branded Morrisons Daily, 116 branded Martin's and eight branded RS McColl. [28] On 9 May, Morrisons agreed terms with the administrator to acquire McColl's in a pre-packaged insolvency arrangement. [16]
Morrisons’ takeover of McColl’s is expected to be cleared after the supermarket giant told regulators it would sell 28 convenience stores to push the move through.
Joann. The 81-year-old fabric and craft retailer filed for bankruptcy in March, falling victim to customers cutting back on spending, including on fabric, arts and supplies materials. Joann’s ...
The jewelry chain Claire's, which filed for bankruptcy protection on Monday, says that plunging customer traffic to shopping malls led to its decline.
In 1958, Morrisons opened a small shop in the city centre. [10] It was the first self-service store in Bradford, the first store to have prices on its products, and it had three checkouts. The company opened its first supermarket , "Victoria", in the Girlington district of Bradford in 1961.
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]