We Now Know Why These Large Retail Companies Are Closing Down Stores

Published on 07/22/2021
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Bon-Ton

The online retailer and department store Bon-Ton has been in business for a century, but it is time to say goodbye. The store filed for bankruptcy the prior year and liquidated its stores. However, it reopened for e-commerce and reopened a few stores in 2018. They had a lot of success initially since they worked in small towns with little competition. Amazon, of course, changed that.

Bon-Ton

Bon-Ton

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Claire’s

Claire’s is a clothing and accessory store that originally opened its doors in 1961. It was a favorite shop of many young American girls for a long time. However, in 2018, the company delayed its IPO and filed for Chapter 11 bankruptcy protection. In May of that year, it shut more than 130 stores across the country.

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Claire’s

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