National Stores
National Stores applied for bankruptcy in August 2018. It said it planned to cease operations in 74 stores in both the U.S. and Puerto Rico. CNBC said this likely happened because National Stores bought a number of brands over the years and took on debts to do so. There are stand-alone shopping centers or open-air locations, which makes things more difficult.
National Stores
Gump’s Holdings
Gump’s Holdings failed to find a buyer, so it filed for bankruptcy in August 2018. During the press release, it said that the “overwhelmingly difficult retail environment” made it hard to function. Its e-commerce service Gump’s By Mail could not compete with Amazon. It continues to look for a buyer, although it will continue to operate no matter what. Liquidators have taken on the task of repaying creditors as well.
Gump’s
