Bon-Ton
Bon-Ton has been in the game for a century now. Sadly, all good things come to an end. The department store and online retailer applied for bankruptcy in 2018, after which it got sold and liquidated. In October 2018, the company relaunched the e-commerce website and announced that it would reopen several stores. “The reinvented Bon-Ton would be sleeker, more e-commerce focused business,” said USA Today. The company was first launched in 1898 and saw a lot of success from the 1900s to the 2000s. CheatSheet said that it was successful because they were based in small towns that had no competition. However, the arrival of Amazon made things a lot harder for Bon-Ton.
Bon-Ton
Tops Market
Many companies end up filing for bankruptcy because they were unable to keep up with the interests of their customers. CheatSheet claims that this was the fate of Tops Market. It has experienced a sales drop thanks to competition, decreasing food prices, and non-traditional food sellers. In the end, Tops Market could not do anything but file for Chapter 11 bankruptcy protection. On the bright side, you can still visit your local Tops if you are in Pennsylvania, New York, and Vermont since the grocery chain will continue operations over there. In July 2017, Buffalo News made us hope for the East Coast retailer when it announced that the company got out of the $80 million annual interest that is needed to pay in 2017.
Tops
