Companies That Might Go Out Of Business

Channel98

Channel98

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Feb 2, 2019
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Express Inc., headquartered in Columbus, Ohio, operates Express, Bonobos and UpWest clothing stores in the United States, Mexico, Puerto Rico, Costa Rica, Guatemala, Panama and El Salvador. Shares of Express closed today at 0.83, a gain of 0.13 (18.57%).

Clothing store Express, a mall favorite, has filed for bankruptcy, will close 95 stores

 
Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
11,158
6,726
168
Glendale CA
Republic First Bank had 32 branches in New York, New Jersey and Pennsylvania. They have reopened as branches of Lancaster, Pennsylvania--based Fulton Bank. Shares of Fulton Financial Corporation closed today at 16.80, a gain of 1.18 (7.55%). Republic's final share price was 0.0098, less than a penny per share.

FDIC takes control of Republic First Bank, marking the first major bank closure of 2024

en.as.com

Shockwaves in the Financial World: FDIC takes control of Republic First Bank marking the first major bank closure of 2024

The FDIC announced the closure of Republic First Bank, which held $10 billion in deposits and assets, marking the first major bank closure of the year
en.as.com en.as.com
 
Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
11,158
6,726
168
Glendale CA
rue21 was founded in 1970 in Warrendale, Pennsylvania and, according to Forbes, sells fashions "designed to appeal to 11- to 17-year-olds who aspire to be 21 and adults who want to look and feel 21." Today the 540-store chain looks and feels Chapter 11 bankrupcy.

rue21, a mall staple, files for bankruptcy and will close all of its stores

 
Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
11,158
6,726
168
Glendale CA
Austrian immigrant Sam Ashkynase, a violin teacher and leader of the Sam Ash Orchestra, opened a music store in 1924 in Brooklyn. To cover the down payment, he pawned his wife's $400 engagement ring. Sam Ash Music began expanding in 1961 and eventually had 45 stores in 16 states. Sam's son Richard has served as CEO since 1995.

www.newsday.com

Hicksville-based retailer Sam Ash Music to close after 100 years

The company announced going-out-of-business sales of its existing inventory online and in store.
www.newsday.com
 
HecticArt

HecticArt

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Oct 19, 2008
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Toledo, Ohio
Channel98 said:
Austrian immigrant Sam Ashkynase, a violin teacher and leader of the Sam Ash Orchestra, opened a music store in 1924 in Brooklyn. To cover the down payment, he pawned his wife's $400 engagement ring. Sam Ash Music began expanding in 1961 and eventually had 45 stores in 16 states. Sam's son Richard has served as CEO since 1995.

www.newsday.com

Hicksville-based retailer Sam Ash Music to close after 100 years

The company announced going-out-of-business sales of its existing inventory online and in store.
www.newsday.com
Click to expand...
It must be my fault. I haven't bought anything from them in prolly 25 years.
 
Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
11,158
6,726
168
Glendale CA
In 2014, Red Lobster parent company Darden sold the chain to private equity firm Golden Gate Capital, which sold off the real estate assets. thereby forcing Red Lobster to pay for expensive long-term leases, even for undeperforming locations. In 2020, Golden Gate sold the chain to Thai Union, a Thailand-based seafood company that owns several brands including Chicken Of The Sea. In 2023, Red Lobster introduced a $19.99 "Endless Shrimp" promotion which led to a quarterly loss of $11 million. Red Lobster, which has had five CEOs since 2021, now has one billion dollars in debt.

Red Lobster files for bankruptcy

 
HecticArt

HecticArt

Administrator
Oct 19, 2008
50,936
18,035
168
Toledo, Ohio
That's too bad, but why I wouldn't have bought a Fisker, Rivian or even a Tesla. (I don't trust Musk not to throw a temper tantrum and shut the company down or something stupid.)
 
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