Companies That Might Go Out Of Business

JHDK

JHDK

Release Robin's Bra
Oct 11, 2008
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Hyrule
IdRatherBeSkiing said:


The company was formed in 1670 as a fur trading company. Now it has filed for credit protection. It has big stores in malls with lots of expensive stuff. Not really suited to today's markets.
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There's some show from a few years back about the first British department store, Harding Howell and Co in 1796.

Hudson started as a fur trader.... Which makes sense because I imagine most of Canada is still just like Savage white people trying to kill bears for their pelts.... But anyway, they were one of the first ever North American department stores that opened in 1881 according to Gemini.

Imagine opening one of the first ever department stores in North America. It must have been so risky but then also so freaking rewarding like that dude was Jeff bezos of the 19th century I bet. He did it before Sears and Roebuck.
 
Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
13,275
8,079
168
Glendale CA
Korean immigrants (and husband and wife) Do Won Chang and Jin Sook Chang opened their Fashion 21 store in 1984 in the Highland Park district of Los Angeles. They made $700,000 in their first year and began opening more stores, renamed Forever 21. At its peak in 2016, Forever 21 had 811 locations worldwide, including 549 in the United States. The original store, still known as Fashion 21, closed in April 2020. If the company can not find a buyer, all its U.S. stores will close in 2025.

Forever 21 CFO Brad Sell is blaming "competition from foreign fast fashion companies, which have been able to take advantage of the de minimis exemption to undercut our brand on pricing and margin.” He was referring to Temu and Shein. Hey, Brad, did you see this story today?

Temu and Shein aim for U.S. market supremacy, challenging Amazon's hold

 
Wolf

Wolf

Taste The Rainbow!
Oct 11, 2008
34,867
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Phoenix
www.lodowlfyr.com
I like this 21

p173597_p_v10_ac.jpg
 
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JHDK

JHDK

Release Robin's Bra
Oct 11, 2008
30,734
14,377
168
41
Hyrule
scotchandcigar said:
If you think about it, Forever 21 could refer to a serial killer who murders 21 year olds. They're "forever 21".
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It's interesting to see you're random thoughts like that. Mine usually go to sex, manatees, Phish, Disney, Eagles or American history.

So when I read 21 I was thinking that's after WW1, I'm pretty sure that's during the gilded age. Not 100% about that.

Then hectic made the joke about 42 and that's WW2. We were definitely involved in the Pacific at that time.

Then I tried to think of Eagles that were number 21. BDawk was 20. That's common knowledge. But I can't think of anybody who was 21.
 
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Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
13,275
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Glendale CA
Royal Paper, founded in 1992 in Gila Bend, Arizona, has distribution centers in Phoenix and Duncan, South Carolina, and manufactures bath tissue, facial tissue, paper towels and napkins that are sold under a variety of brand names.

www.mlive.com

Company that makes toilet paper for Aldi, Kroger, Meijer files for bankruptcy

Royal Paper has agreed to sell "substantially all” of its business for $126 million as part of the bankruptcy proceedings.
www.mlive.com www.mlive.com
 
Wolf

Wolf

Taste The Rainbow!
Oct 11, 2008
34,867
11,344
168
Phoenix
www.lodowlfyr.com
Channel98 said:
Royal Paper, founded in 1992 in Gila Bend, Arizona, has distribution centers in Phoenix and Duncan, South Carolina, and manufactures bath tissue, facial tissue, paper towels and napkins that are sold under a variety of brand names.

www.mlive.com

Company that makes toilet paper for Aldi, Kroger, Meijer files for bankruptcy

Royal Paper has agreed to sell "substantially all” of its business for $126 million as part of the bankruptcy proceedings.
www.mlive.com www.mlive.com
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Well, that bunch of royal crap. :laugh:

Last time, I was in Gila Bend is was dinky small ass town you simply drive thru. Pretty much everything is closed or abandoned.
 
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Channel98

Channel98

Don't yell or hit.
Feb 2, 2019
13,275
8,079
168
Glendale CA
What, no "royal flush" joke? The population of Gila Bend is only around 1,900 but the town has a library, Burger King, McDonald's, Taco Bell, Dairy Queen, Circle K, Dollar General – and the Space Age Lodge & Restaurant.

www.atlasobscura.com

Space Age Lodge and Restaurant

A lingering bit of Space Race nostalgia lies in the middle of the desert.
www.atlasobscura.com www.atlasobscura.com
 
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