A’gaci
A’gaci is a womenswear retailer that applied for bankruptcy in January 2018. It had been in the middle of lease renegotiation for 49 stores! In its press release, the company explained that about two-thirds of the company expenses went to high leases. Luckily, the company managed to bounce back in the summer of the same year. It announced that it would retain 1,500 employees and 55 stores. This Texas-based company received approval for a loan worth $12 million that June!
A’gaci
Toys R Us
Toys R Us received a lot of publicity for the financial difficulties it had been experiencing. In 2018, the toy retailer applied for bankruptcy and planned to liquidate all of its stores. This was the reason it held clearance sales at 735 stores across the country. Business Insider reported that the company wanted to shut down the stores right away to avoid paying the leases. However, it seems like this was not the end for the brand. By the end of 2018, the owners of the company canceled the bankruptcy auction.
Toys R Us