Bon-Ton
Bon-Ton
Believe it or not, Bon-Ton has been around for 100 years! Just as the saying goes, all good things must come to an end. The department store and online retailer filed for bankruptcy. After that, it was sold and liquidated. However, in October 2018, it relaunched its site and announced plans to reopen some of its stores.
Tops Market
Tops
The most common reason for a company to file for bankruptcy is the failure to keep up with the changing interest of their consumers. This is the case with Tops Market. With more shoppers interested in non-traditional food sellers, competition, and falling food prices, Tops Market had no choice but to file for Chapter 11 bankruptcy. The grocery chain will keep most of its stores open in Pennsylvania, Vermont, and New York, however.