This popular clothing chain has just filled a bankruptcy
The brand says that it expects to close an important part, if not all "of its stores.
A well-liked clothing store with 449 locations in the United States has just dropped down. On January 14, Christopher & Banks announced in a declaration that she had voluntarily filed in Chapter 11 Protection against bankruptcy and will clog stores in the near future. Read it to know which stores are on the cutting block and for more pandemic victims,This beloved furniture chain firm anything but 1 of its stores.
The brand, which operates women's clothing and accessory stores in 44 states, "expectsclose, if not all, from his brick and mortar stores, "Representatives of Christopher & Banks said in his statement.
However, despite the intention to finally close the majority of its stores, Christopher & Banks "will continue to exploit its activities in the normal short-term course". The clothing brand announced that it was looking for buyers for its e-commerce arm, expressing hope that it would be able to continue to sell online goods, even in the midst of the closure of its retail locations.
Christopher & Banks' President and CEOKeri Jones It is clear that the tabling of the bankruptcy of the mark was a direct result of the losses committed because of COVID.
"Due to the financial distress resulting from the pandemic and its ongoing impact, we have chosen to initiate this process and pursue a potential sales of the company in whole or in part to position the company for the future", Jones said, expressing "the deepest gratitude" partners, employees and clients of the store.
Christopher & Banks joins a long list of retailers to happen in recent months. Read to discover the latest closures near you and for more information on your favorite stores, see whichThe popular department store closes all its locations.
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1 Stock + field
On January 10, the field of department stores, which has been in operation for 55 years, announced that it would beClose all its brick and mortar locations. Although no final closing date had been fixed at the time of the announcement, stock + ground shares and the presidentMatthew F. Whebbe Announced that the store would sell its remaining goods during "massive discounts" in the coming weeks.
"We hope to reopen the shops at one point at some point, but for now, please enter, say hello to your favorite employee and enjoy ridiculously low prices," said Whebbe in a statement. And for more store closures near you,This beloved house property chain closes more than 40 stores.
2 Love the furniture
Love furniture, which once operated 34 stores in the United States, filed for the bankruptcy of Chapter 11 on January 6th. The chain, which had taken up numerous places left behind when Art Van Furniture deposited for bankruptcy in March 2020, announced its intention to close all but one of its remaining locations in itsBankruptcy deposit. The 13 stores of the brand that remain open will have sales to unload their $ 27 million in combined inventory, depending on theDetroit Free Press. And for more retailers who get their brick and mortar stores,This iconic department store closes 40 other locations.
3 Macy's
Macy's announced in February 2020 that it would beShutter 125 of its stores In the coming years. At the beginning of 2021, the company revealed that it adds 37 stores to this list, which would all the shop in the spring of 2021. The affected stores include a macy furniture gallery, a Bloomingdale's and 35 additional shops in Arizona, California , Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maryland, Massachusetts, Missouri, New York, Ohio, Oregon, Tennessee, Texas, Utah and Washington. And for the latest news from the store closure delivered directly to your inbox,Sign up for our daily newsletter.
4 Bathtub bed and beyond
You may want to use theseprecious coupons soon, because the bed bath and beyond isClosing 40 of its locationsin the near future. The wine chain of the beloved house, which has already closed 63 stores in 20202020120, announced at the beginning of January 2021, which of its stores would be the next shutter. The next 43 stores on the cutting block, which are spread over 19 states and Puerto Rico, will close in February 2021. And for another emblematic brand closing mark, check This beloved chain closes all its stores .
