Beauty Brands
Beauty Brands planned on closing 25 stores back in 2018. In January, the firm, which also reduced the number of its corporate staff, filed for bankruptcy. When it filed for bankruptcy, it reported that the business had experienced a rise in operational costs as “a predominantly brick and mortar retailer.”
Things Remembered
After filing Chapter 11 bankruptcy last February, Things Remembered found a buyer to help save some of its stores around the country. Enesco LLC has acquired 176 locations from this store specialized in branded goods and customized items. Still, only a small portion of the business is saved by the purchase. Originally, it had 450 outlets at the time it applied for bankruptcy, which means that more than 250 shops would be closing.