Macy’s Inc. (NYSE: M) is planning to close 14 stores in 12 states during the first part of this year. The retailer will shutter the stores following clearance sales that are set to begin in mid-January and run for approximately 10 weeks. In an email shared with...
A bankruptcy court has approved the Going Out of Business sales of all 89 remaining stores owned by American Signature Inc. The sale involves 79 stores in 13 states that operated under the Value City Furniture brand and 10 stores in Delaware and Florida that operated...
The financially troubled Rite Aid pharmacy chain has closed all its remaining stores. Over the weekend, the company posted a message on its website that said, “All Rite Aid stores have now closed. We thank our loyal customers for their many years of support.” The...
The Kroger Co. (NYSE: KR) announced plans to close 60 underperforming stores over the next 18 months. Kroger operates 2,730 stores in 35 states and the District of Columbia under multiple brands. In a call with financial analysts after the release the...
The Rite Aid Corporation has filed for bankruptcy for the second time in 18 months. The Philadelphia-headquartered pharmacy chain announced it was “pursuing a strategic and value-maximizing sale process for substantially all of its assets.” The company added that its...
Northmarq Acquires Thirdline Capital Management
