Beauty Brands
Beauty Brands
Beauty Brands announced late last year that it plans on closing 25 of its stores. The company not only laid off corporate staff members, but it also filed for bankruptcy last January. During the filing, the brand said that it suffered from the higher costs of being “a predominantly brick and mortar retailer.”
Things Remembered
Things Remembered
Despite the fact that Things Remembered filed for bankruptcy last February, it found a buyer who was willing to save the remaining locations in the country. Enesco LLC bought 176 stores from the retailer, which is known for selling personalized and engraved products. However, this new development will transform the company into a smaller version of its old self. While in bankruptcy, the retailer had 450 locations. As you can see, over 250 stores will be closing.