Key retail chain tries new store concept after Chapter 11 bankruptcy
The iconic brand is making big changes after it almost died.
The past few years have been tough on the retail industry, and no sector of the market has been spared. We've seen popular mall clothing stores shutter and niche stores like Party City and fabrics giant Joann say goodbye for good.
The trouble started in 2020, when stay-at-home orders forced consumers to do their shopping online. Retailers that weren't ahead of the game on the shipping front lost out to giants like Amazon and Walmart that already had those networks in place.
