No Business Is Safe When It Comes To Bankruptcy

Published on 04/13/2020
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Bon-Ton

For a hundred years, Bon-Ton was around; however, all the great things must end. Last year, the department store and retail chain filed for insolvency. It was sold and closed down, but its e-commerce website restarted in October 2018. Plans are in place to reopen several stores! “The reinvented Bon-Ton would be smarter, more market-oriented on e-commerce.” USA Today stated. It was first opened in 1898, even before Amazon arrived, it was thriving in small towns.  

Bon-Ton

Bon-Ton

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Tops Market

In applying for protection, Tops Market quoted a common reason for bankruptcy filing: failure to address shifting consumer interests. The rise in non-traditional retailers, competition, and dropping food prices has not been adjusted.  Shoppers can go to the Tops, because in New York, Pennsylvania, and Vermont stores are still open. Buffalo News said it had been released by its investors with an annual interest of $80 million due in 2017. We hope it will help the company to make things easier!     

Tops

Tops

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