No Business Is Safe When It Comes To Bankruptcy

Published on 04/13/2020
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National Stores

Brands like Anna’s Linens, Conway, and Fallas are owned by national retailers. In August 2018, it filed for bankruptcy, and it resulted in 74 stores in the United States and Puerto Rico being closed down. Some believe that after purchasing different brands over the years, national retailers have taken on more and more debt. That took the business to the bottom. It’s not easy to do anything, and we’re aware that it’s an outdoor store and independent shopping mall.   

National Stores

National Stores

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Gump’s Holdings

Gump’s Holdings is now winding up its stores. The firm filed bankruptcy in August 2018 after failing to find a buyer. In the press release, the firm had trouble due to “an extremely tough retail environment.” Gump’s By Mail was his attempt to defeat Amazon, but it was just too complicated. There’s still hope that the buyer will come, and that’s how it will work until then. They have already sought the help of liquidators for supplies and repayments. 

Gump's

Gump’s

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