Companies That Might Go Out Of Business

Rite Aid, founded in 1962, operates 2,150 stores. The majority are in California, Oregon, Washington, Michigan, Ohio, Pennsylvania, Virginia, New York, New Jersey and New Hampshire. Shares of Rite Aid reached a 2023 high of $4.11 in February and are now at 0.65.

www.cnbc.com

Rite Aid files for bankruptcy amid slowing sales, opioid litigation

Drugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.
www.cnbc.com www.cnbc.com
 
Wow! A pharmacy is the last place I'd expect to close. I see more of those than I see Dunkin Donuts! Even in the suburbs, some blocks have 2 of them!
 
sadchild said:
Wow! A pharmacy is the last place I'd expect to close. I see more of those than I see Dunkin Donuts! Even in the suburbs, some blocks have 2 of them!
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Well, Toledo is about to have buildings available for another 75 Dunkin Donuts.

So I go that goin for me.
 
Or DNKN, as I've also seen it. Pretty soon people will be like "I suckin' on a D, want some?"

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William Kelly and William Moore, former Glidden employees, founded Kelly-Moore Paints in 1946 in San Carlos, California. In 2023 the company moved its headquarters to Irving, Texas. In January 2024, all 157 stores are closing.

www.kron4.com

Kelly-Moore Paints to close all its stores nationwide

(KRON) — Kelly-Moore Paints plans to close all of its stores “immediately,” the company said Friday in a news release. Kelly-Moore Paints was founded nearly 80 years ago in the Ba…
www.kron4.com www.kron4.com
 
It's good that I don't own a hundred shares of BowFlex. I would be out $20. Yep, shares of BowFlex are now at 0.20.
 
Good to know. I just used the term BowFlex within the last week. Have to strike it from my vocabulary. Unless it's "going out of business like BowFlex."
 
Following the bankruptcy filing, the New York Stock Exchange halted trading of BowFlex common stock and commenced proceedings to delist Bowflex (symbol: BFX). The delisting has to be approved by the Securities & Exchange Commission.
 
Three married couples founded Cleveland Fabric Shop in 1943 in Cleveland, Ohio. The chain quickly expanded and in 1963 was renamed Jo-Ann Fabrics & Crafts by combining the names of two of the founders' daughters, Joan and Jacqueline Ann. Shares of Jo-Ann closed today at 0.18. That is an all-time low.
 
Dave and Sherry Gold opened the first 99 Cents Only store in 1982 in Los Angeles. At its peak, the chain operated 400 stores and two distribution centers in California, Nevada, Arizona and Texas.

www.cbsnews.com

99 Cents Only stores closing all 371 locations, liquidation sales starting Friday

The operators of the 99 Cents Only stores announced Thursday they will shut down all 371 of the locations throughout four states, with liquidation sales starting Friday.
www.cbsnews.com www.cbsnews.com
 
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