Struggling discount retailer is closing stores
Avoiding Chapter 11 bankruptcy requires some tough decisions.
While discount retailers, including Marshall's, Ross Dress for Less and Costco, have been dominant and seem well-positioned for the future, just offering low prices has not guaranteed success.
Christmas Tree Shops and Tuesday Morning, for example, used a treasure-hunt model similar to the one used by Marshalls as well as its sister brands TJ Maxx and HomeGoods. Those two chains filed Chapter 11 bankruptcy and eventually went out of business.
