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Bankruptcies played a significant role in economic news in 2024 with retailers, restaurants and an airline all looking for bankruptcy protection to keep from having to shut down entirely
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 Container Store filed for Chapter 11 bankruptcy in December 2024, but vowed to keep all 102 locations open. [103] Crate & Barrel's children's line Land of Nod closed all of its retail stores in February 2018. [104] CVS Pharmacy announced in November 2021 that it planned to close 900 stores over a three-year period, starting in spring 2022 ...
U.S. retailers have announced more than 7,100 store closures through the end of November 2024, a 69% jump from the same time last year, according to recent data from research firm CoreSight.
Bob’s Stores-Suffered bankruptcy in 2024, closed all stores in July. Casual Corner – liquidated in 2005; Chess King – sold to Merry-Go-Round in 1993; liquidated along with that chain in 1995; Christopher & Banks – bankrupted in 2021 from financial loss, because of the COVID-19 pandemic
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
And few if any retail insiders were surprised. If anything, Party City epitomizes trends that have brought down dozens of chains since the beginning of 2024 and could drive many more to bankruptcy ...