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Upscale discount retailer closing stores, no bankruptcy
Yahoo Finance· 2025-11-06 21:44
The company has been slow to pay some bills. Some vendors are slowing shipments to the company’s brands. The chain has been closing locations and making other moves to preserve cash. A retailer surviving for 158 years requires constant adaptation. Nostalgia only goes so far and the past few years have been brutal for previously enduring retailers. Canada's Hudson Bay, for example, closed outright after over 350 years while Sears, once America's most powerful retailer, is down to a handful of strug ...