At the time of filing, the company had 856 full-time and 2,486 part-time employees. Consumers said goodbye to Fred’s after multiple rounds of store closures. during an auction of the retailer's pharmacy assets. The retailer has until October to find a buyer or it may liquidate. The company pulled out of some Chinese markets, Taiwan, and France, and has been unable to attract consumers with its discounted apparel offering. The retailer operates about 3,400 stores in more than 40 countries, a footprint that contributed to its demise. Beauty Brands filed for Chapter 11 bankruptcy protection in January, reportedly announcing plans to close 25 stores and sell the 33 remaining locations. , as well as from big-box retailers like Target and even discount players like T.J. Maxx. The company’s assets were purchased by Hilco Merchant Resources after owing $6.9 million on a secured loan and $11 million in unsecured debt, Retail Dive reported. Brookstone joins a list of other retailers that have filed for bankruptcy this year, including struggling department store Bon-Ton, which began liquidation in April, and teen retailer Claire’s, which entered bankruptcy in March with the hopes of restructuring and emerging as a stronger company. As the New Year unfolds, here are 10 retailers to watch for a possible Chapter 11 filing in 2019. Fred's filed for Chapter 11 in September with plans to close all stores, liquidate its operations and sell off its remaining pharmacies (about 170 in all). The company agreed to turn over control to its lenders and slashed $900 million in debt, according to court documents. But will the trend continue? Liquidation of the company began quickly and ended with the 72-year-old company shutting its doors for good. But declines in the U.S. birth rate and expanded competition, along with mall traffic declines, knocked nearly a third off the retailer's top line. According to the filing, "closing certain expensive, long-term, and underperforming stores as well as obtaining relief from other burdensome executory contracts is crucial to its ability to continue operating.". The story comes at a time when many beauty retailers are performing well, and startups like Glossier and Birchbox are making ever more ambitious moves into the space. Gap Inc. bought the Janie and Jack brand for $35 million, the news outlet said. The retailer finally … Outcome: FullBeauty Brands filed and received approval of a prepackaged bankruptcy plan in a record-breaking 24 hours. Like. Twitter, Follow Charlotte Russe also succumbed to bankruptcy in 2019, announcing that it was closing down approximately 94 of its store locations. While the overall economy saw gains in 2019, retail chains unable to compete with online competitors were forced to close hundreds of stores amid bankruptcy filings this year. With liquidity drying up, the company put itself on the market this fall and found some interested parties. The retailer announced a sale to Enesco and the bankruptcy filing the same day. Last year sent 17 major retailers into bankruptcy. According, The discount shoe company spent last year closing down some 900 stores and, late in 2017. This came as social media users buzzed about notices and locked doors at several of A'gaci's physical store locations in Texas. The retail apocalypse is the closing of numerous brick-and-mortar retail stores, especially those of large chains worldwide, starting around 2010 and continuing onward. Shopko is in the middle of an unfolding story about debt and assets. That represented most of the Southern discount and drugstore retailer's footprint. The retailer plans to sell the remaining 33, though CEO Caryn Lerner noted at the time that all stores remained open and that the company's objective was to "emerge from Chapter 11 in a stronger position and move forward as a successful brand.". Leadership has also been upended more than once, as several top employees have come and gone in recent years, according to the LinkedIn pages of past executives. , and plans to sell the still-relevant Janie and Jack brand, as well as the IP and online platform for Gymboree. Outcome: Took $14 million in debtor-in-possession financing from strategic partner Tempur Sealy as it seeks a buyer. During the fall of 2018, Retail Dive looked at data and FRISK scores from CreditRiskMonitor to predict which retailers could go bankrupt in 2019. Outcome: Forever 21 filed for Chapter 11 with plans to close up to 178 U.S. stores, scale back operations in Europe and Asia, and focus on Latin America and the U.S., including growing its e-commerce. 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