Bon-Ton
Did you know that Bon-Ton has been around for a century now? The department store has filed for Chapter 11 last year, after which it was sold and then liquidated. It relaunched its e-commerce site and announced plans to reopen stores last October 2018, however. USA Today said, “The reinvented Bon-Ton would be sleeker, more e-commerce focused business.” Let us hope it will be better equipped to deal with the competition this time.
Tops Market
Tops Market ended up filing for bankruptcy because it was unable to keep up with the consumers’ changing interests. Shoppers are more interested in non-traditional food sellers, the competition, and lower food prices. At any rate, this is not the end for the East Coast company. In July 2018, the Buffalo News said that the company just got out of its $80 million annual interest due in 2017.