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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]
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 ...
Morrisons market share decreased after its purchase of Safeway, but it eventually grew again after the store disposals and conversions. Morrisons' UK market share declined steadily since 2019; [ 79 ] in September 2022 it was 9.1% – behind Tesco (26.9%), Sainsbury's (14.6%), Asda (14.1%), comparable with Aldi (9.3%), and ahead of Lidl (7.1%).
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 ...
Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
Piccadilly — went through Chapter 11 bankruptcy proceedings in 2012. As of April 2024, the company operates 1 location in Alabama. However, several locations still remain in Georgia (Metropolitan Atlanta area).
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The food retail market has been dominated by the 'big four' supermarkets – Tesco, Sainsbury's, Asda and Morrisons – who made up over three quarters of sector market share in 2010. Tesco is the largest retailer in Great Britain, with a market share of 27.5% at the end of 2022. [a] [1] However, discounters Lidl and Aldi have grown rapidly. [1]