Bankruptcies and reorganization
Two years later Spiegel filed for bankruptcy.
It sold its flagship catalog business and its Newport News women’s apparel unit and announced that Eddie Bauer Inc.
was up for auction.
Meanwhile, more than 200 Eddie Bauer stores were closed.
What retailers are closing in 2019?
Gap, Tesla and Victoria’s Secret are among the nearly 5,000 store closings already in 2019
- Gap. Traffic passes by an Old Navy and GAP stores in Times Square, March 1, 2019 in New York City.
- Victoria’s Secret.
- Abercrombie & Fitch.
- Charlotte Russe.
- Payless ShoeSource.
- Family Dollar.
Is Z Gallerie going out of business?
Home furnishings retailer Z Gallerie has become the latest brick-and-mortar retailer to declare bankruptcy. The Los Angeles-based company said it filed for Chapter 11 bankruptcy protection on Monday and plans to close 17 of its 76 stores. Z Gallerie said it expects the Chapter 11 process to last four months.
What retail stores are closing?
Here’s a list of all the stores closing this year:
- Payless ShoeSource: 2,500 stores. < A Payless ShoeSource store in the Manhattan borough of New York.
- Dress Barn: 650 stores. < Getty.
- Fred’s: 520 stores. < AP.
- Shopko: 371 stores. < Shopko.
- Chico’s: 250 stores. < AP.
- Avenue: 222 stores. <
- LifeWay: 170 stores. <
- Kmart: 115 stores. <
Is Chicos going out of business?
Chico’s closing 250 stores. The parent company of Chico’s, a women’s clothing chain with stores across the U.S., said it will close 250 locations over the next three years. Chico’s FAS operates Chico’s, White House Black Market and Soma. It currently has about 1,400 stores in the U.S. and Canada.