Are Things Remembered stores closing?
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Also to know is, why is Things Remembered closing?
Gift retailer Things Remembered has filed for Chapter 11 bankruptcy and will close most of its stores, though gift distributor Enesco agreed to buy the brand and keep a fraction of its stores open. Its restructuring plan hands over the company to lenders and cuts about $900M in debt, Retail Dive reports.
Also Know, which GameStop stores are closing? The video game store chain GameStop has announced that it will shut between 180 and 200 of its stores worldwide. The news comes after the company suffered from a 14.3% decrease in global sales during its second quarter. That decrease meant the company had a net loss of $32 million for the period.
Considering this, what kind of store is things remembered?
Things Remembered is an American omni-channel retailer with hundreds of retail locations throughout the United States. Their stores specialize in personalized gifts, messaging and engraving.
Is Eddie Bauer going out of business?
Bauer retired and sold the company in 1968. General Mills bought the company in 1971; in 1988, Spiegel bought it from General Mills. In 2003, Spiegel, Inc., entered bankruptcy. The Spiegel catalog and all other assets were sold, except for Eddie Bauer.