National Stores
National Stores owns Conway, Fallas, and Anna’s Linens. In August 2018, the company applied for Chapter 11 bankruptcy protection and announced its plans to cease operations in 74 stores in the United States and Puerto Rico. CNBC also said that trouble started after the company acquired a lot of brands and incurred debt to do so. It must not help that many locations are in open-air or stand-alone shopping centers as well.
National Stores
Gump’s Holdings
Gump’s Holding is a department store operator that also owns Gump’s Corp and Gump’s By Mail. It was unable to find a buyer and filed for Chapter 11 bankruptcy protection in August 2018. The press release claimed that the “overwhelmingly difficult retail environment” made things hard for the company. Gump’s By Mail was an attempt to launch an e-commerce site, but it failed to compete with Amazon. It is holding out for a buyer but plans to remain in operation. However, it is planning to get rid of merch and liquidate to repay creditors.
Gump’s
