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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.
GEM – initially called Government Employees Mutual Stores, and later Government Employees Mart before settling on G. E. M. Membership Department Stores, a profit-making company that was aimed at the governmental employees market; first store was opened in Denver in 1956; [190] after several expansions, the company filed for bankruptcy in 1974 ...
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In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc. [7]
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
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]
It then introduced 84 Mini Habitat stores within Homebase branches and also begun to offer a selection of Habitat products in 200 Homebase and Argos stores nationwide and on the Argos and Homebase websites. By June 2011, all other Habitat stores in the UK had been closed by Hilco with around 750 employees being made redundant. [16] [17]
The chain filed for Chapter 11 bankruptcy in November 2008. [1] 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.