Formerly bankrupt retailer relaunches online
The retail chain was sold after filing for bankruptcy and will emerge as an online retailer.
The retail sector has suffered a string of bankruptcies and liquidations over the past three years which has led to the demise of several iconic retailers.
Many of these bankruptcies and liquidations led to store closings that were among thousands of locations that shut down in the last three years, with 1,680 closings in 2022, 4,070 in 2023, and 7,325 in 2024, according to Coresight Research.
