A’gaci
In January 2018, a womenswear retailer called A’Gaci also filed for Chapter 11 bankruptcy protection. It had been trying to renegotiate its leases on 49 stores. The press release claimed that two-thirds of company expenses went to these leases! A’gaci was able to come out of bankruptcy later that year, in the summer. It planned to keep 55 stores and 1,500 workers. On top of that, it got a loan worth as much as $12 million in June. This company is definitely faring better than the others on our list!
A’gaci
Toys R Us
Toys R Us got a lot of press attention when it was in financial trouble. It applied for Chapter 11 bankruptcy protection in 2018 and planned to liquidate all the stores. This led to big clearance sales in the 735 stores located in the United States. Business Insider said that it hoped to close right away to avoid paying the leases. The owners canceled the bankruptcy auction at the end of 2018, however. The media is now wondering if it is planning a comeback soon!
Toys R Us
