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Throughout the 21st century, retail businesses in Canada have felt the pressures of foreign store expansions into the country, as well as a shift towards online retail. As a result, closures have been a mix of stores unique to the nation, as well as newcomers like Target Canada .
However, in May 2020, it was announced that Stage had filed for bankruptcy and would be going out of business, liquidating its nearly 800 department stores with no buyer found for the chain. [ 136 ] Guitar Center laid off 180 of its 7,000 employees in 2015; by 2018, the retailer was said to be on the verge of bankruptcy due to unsustainable ...
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
List of banks acquired or bankrupted during the Great Recession. This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks ), building societies and insurance ...
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
Best Buy's (NYS: BBY) annual meeting wasn't a fiery affair. Short of a near miss on a proposal relating to the non-binding advisory vote to approve executive compensation, it was business as usual ...
This is a list of airlines that have filed for bankruptcy protection via Chapter 7 in the United States. [1] [2] Airline. Date Bankruptcy filed. National Florida Airlines [3] December 1, 1983. Excellair. July 7, 1984. Oceanaire Lines.
New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in one month since 2020. Companies are going bankrupt at the ...