Bon-Ton
The retailer has been operating for a hundred years already. Sadly, it looks like the end has come for it. The department store applied for bankruptcy just last year. It was sold and liquidated. Last October, it relaunched its e-commerce business and announced that it was reopening. “The reinvented Bon-Ton would be sleeker, more e-commerce focused business,” said USA Today. Started in 1898, Bon-Ton boomed in small towns without much competition. However, the arrival of Amazon started its downfall.
Bon-Ton
Tops Market
The main reason that companies file for bankruptcy is none other than the failure to cope with changing consumer interests. This was what happened to Tops Market, according to CheatSheet. With the growing interest in non-traditional food sellers, competitors, and declining food prices, it ended up filing for bankruptcy. It is still possible to visit Tops, however. The East Coast supermarket chain continues to operate in Vermont, New York, and Pennsylvania. In July 2018, Buffalo News said it got out of the $80 million annual interest due in 2017!
Tops