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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 ...
On April 17, 2018, The Bon-Ton announced plans to go out of business after being purchased by two liquidators. [73] Borders, which included its namesake chain, along with Waldenbooks, filed for bankruptcy and closed all of its stores in 2011. [74] Brooks Brothers filed for Chapter 11 bankruptcy in July 2020. [75]
America’s largest party supplier filed for bankruptcy in 2023, hurt by big-box retailer competition, rising costs during the pandemic — and a helium shortage. People shop in a Party City store ...
The retail giant filed for bankruptcy in 2024 following a string of financial woes. The good news is that some of its stores will continue to operate, but an estimated 601 will be shutting their ...
Payless (footwear retailer) – Filed for bankruptcy twice and closed all stores in Canada and the US in 2019. Raleigh's – also known as Raleigh Haberdasher; a men's and women's clothing store in Washington, D.C., 1911–1992; Robert Hall – clothing store that existed from 1938 to 1977. At its peak, the store had locations in both New York ...
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 ...
The ubiquitious vitamin retailer filed for Chapter 11 bankruptcy in June 2020, blaming a pandemic-related sales slump and mounting debt, and saying it could close more than 1,200 of its 7,300 ...
Fabric and crafts store Joann filed for bankruptcy in March. However, its stores are not expected to close. Joann has a big footprint in the U.S. — about 850 stores in 49 states.