National Stores
National Stores is the company that owns Conway, Fallas, and Anna’s Linens. It filed for bankruptcy in August 2018. CNBC said that it planned to cease operations in 74 stores in Puerto Rico and the United States. The publication also speculated that its problems were brought about by its excessive acquisition over the years. Doing so led to a lot of debt and dragged the company into bankruptcy. It does not help that many of its locations are in open-air or stand-alone shopping centers. Yikes!
National Stores
Gump’s Holdings
Gump’s Holdings is a San Francisco-based department store operator that also runs Gump’s Corp and Gump’s By Mail. CNBC said that it filed for bankruptcy in August 2018 because it failed to find a buyer. The press release mentioned that the company was facing the challenges involved with an “overwhelmingly difficult retail environment”. Gump’s By Mail was an attempt to go online, but it was hard to one-up Amazon. At the moment, it is still hoping that a buyer will acquire the company. Until then, it will still operate despite the challenges ahead of it. Gump’s Holdings has sought out liquidators to get rid of its goods and start repaying creditors.
Gump’s