prepack bankruptcy This is a topic that many people are looking for. newyorkcityvoices.org is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, newyorkcityvoices.org would like to introduce to you 9 Companies That Are Going BANKRUPT. Following along are instructions in the video below:
“Companies are going bankrupt. And it s going down fast. What s going on guys guys welcome back to the entrepreneur channel make sure before the video loads up to a like subscribe and comment. Let us know in the comment section down below.
If you did these three steps that way you have a chance of being a future shout out winner who knows your channel name maybe shout. It out in a future video. So make sure to enter. These are some of the companies that are going bankrupt in 2020 in fact a lot of them have if not already closed down.
And went completely bankrupt and fired filed for bankruptcy guys let s get right into it first off. We have beauty brands beauty brands is a retail bankruptcy file suit they were a retail store that was actually started back in 2013. They filed for a chapter 11 bankruptcy on january 4th. After putting it in the hole.
They literally are 2 billion dollars in debt and they have to file for bankruptcy. Because a lot of these places like my haircut custom cuts all of these other retail brands are outshining them. Because of the cheapness of their haircuts. Again beauty brands.
Does offer haircuts specifically for a woman. But they also do men..
But it s also in a problem because it seems that a lot more women are going to them and they re not getting the sales. They ve needed next. We have innovative mattress solutions. The kentucky based mattress company.
Which owns a mattress warehouse mattress king and sleep outfitters filed for chapter 11 bankruptcy on january 14th seems a lot of these retail items such as beds lampshades. All those things that are perfect for homes are going out of business. And you could tell that innovative mattress solutions with all the mattress locations and properties and companies that they own or definitely distinct for greatness at a time. But then they started giving away free items with every mattress purchase such as a free hdtv free bed sheet and all these free custom home designs definitely sucks for them.
But i can see them making a comeback. If they can beat out walmart target and all those other retail stores low low prices. Ever. Heard of shop.
Co. Well shop. Co is a wisconsin based realtor that also filed for chapter 11. Bankruptcy on january 16th of this year on march 19th cbs reported that shop goes 363 stores and closed after the company failed to buy a finder.
What they did was they tried to buy a lawyer and someone who would actually buy the whole franchise. But unfortunately no one really wanted to invest in it because of stores like i said jcpenney walmart target sears all those types of stores..
Kind of mimic it to where you can get a one stop shop all expense where you can go there for your car. You can go there for your bedroom. You can go there for appliances. Anything that shopko had walmart had it cheaper and greater prices.
Gymboree was another clothing company that also runs janney and jack and krazy. 8 stores. If you ve never heard of them there s a reason because they all filed for bankruptcy. This past january 17th.
It is closing all of its more than 800 gymboree and krazy 8 stores. This is kind of like a low low price of ross. But a lot of people realize the quality of the materials. They re really bad and it kind of classified.
It was on the verge that breaking point that thin line of being a thrift store. Because of a lot of the used items. They would be giving away for cheap prices safe to say people rather go to ross. Because also the slogans.
A little bit more catchy than jim berry s dress for less full beauty brands is also another list that we added on here this clothing company was a retailer that filed for bankruptcy this past february 4th. The company exited bankruptcy within 24 hours so it s kind of doing good but again it s like a big massive costco version of a dry cleaning store they get stuff from beauty brand material they dryclean a lot of materials..
They do a lot of things in the cosmetics aisle of department. So why are they feeling well they are claiming to be more than a billion dollars in debt. And that is one of the main reasons. Why they can t afford to keep their workers it give them the so deserved pensions they deserve after many various years charlotte russe.
8. Is another woman s clothing company that s going out of business. It seems like a lot of these women s retail stores are going out of business. Because of their high demand for a lot of these products that are very expensive and then obviously you have to make a profit item and people willing to pay that much for clothing shoes you know anything in that type of department.
This woman s clothing retailer filed for bankruptcy on february 4th and announced that it would be closing all of its stores on march 6. This is a huge blow to the cosmetics and also dress retailer industry. Because of a lot of the promise they displayed over the years things remembered was kind of like a kay. Jewelers store and also a beauty cologne department.
It sold a lot of fragrances. But it really just specialized towards the more recent years and fragrances for women and men so a lot of people know they can get those online for cheaper using a lot of the really popular sites like amazon walmart target online. Even best buy online sells a lot of these products at select stores for very cheap. So things remembered is definitely gonna be remembered for going into bankruptcy our most notable store on the list and industries.
Payless shoe. Source..
A lot of people especially myself growing up actually their parents shop there because you can get a lot of good name brands for cheap. But as they started cutting corners. They started downgrading on the name brands that they were using going from you know converse to airwalk to a lot of other cheap really dumb shoe stores and what they did with a lot of these brands is they didn t want to rebrand. It and get a better deal out of it so what they ended up doing was filing for bankruptcy on february 18th the shoe store will now close all of its remaining locations aside from its main franchisee stores wrangler and all those other jean companies are doing great.
But diesel not so well the jeans company diesel in the usa filed for bankruptcy on march 5th. A lot of people said their jeans were at good price. But they didn t like the name brand and design of the store diesel makes you think of you know car parts or a car engine something that relates to automobile industry. This is a jean store and not many people even knew that it was a jean store and so it started filing for bankruptcy.
So guys. That is it for today s video. I hope you guys enjoyed it let us know in the comments section down below what store and franchise. You guys are really shocked about closing soon and if they ll ever make a comeback guys i m signing off and as always see y all.
Thank you for watching all the articles on the topic 9 Companies That Are Going BANKRUPT. All shares of newyorkcityvoices.org are very good. We hope you are satisfied with the article. For any questions, please leave a comment below. Hopefully you guys support our website even more.