[+] along with all New Jersey malls, is closed on March 18, 2020 in Paramus, New Jersey. "In 2019, fashion retailers, restaurants, estate agents and pubs had been reporting declines for the majority of the year; the uncertainty surrounding Brexit didn’t help. The Oasis and Warehouse Group runs nearly 90 outlets across the UK and hundreds of concessions in bigger stores. This isn’t anything new for the company — it did manage to emerge from bankruptcy in 2009. You can see the huge queues that were outside Mothercare in Swansea after their last sale. The chain of hearing and mobility stores reportedly called in administrators in January. The big name shops and businesses closed because of coronavirus, 'We’ve had to reinvent our business three times in 10 days' - How Wales' top restaurants are adapting during the Covid-19 pandemic. "We know from previous crises that one of the biggest tests comes when companies need to reflate balance sheets, restock inventory and depend on supply chains that have been similarly tested. The firm originally announced plans to close 30 stores to make savings in the company last month, but had to close all stores because of the Covid-19 crisis. It is the second time the department store, which employs around 22,000 people, has gone into administration in the last 12 months. Pier 1 Imports: The home goods retailer filed for bankruptcy, following years of decline because of online competition and big-box chains. Best in Business 7 Innovative Startups to Watch in 2020 Expect these companies to have a big impact on everything from health care to groceries in the new year. Its owners said it had failed to secure reductions in rent with its landlords. However, the company was snapped up by Stone-based homeware brand Olivia’s – part of the Moot Group – for an undisclosed sum. You can read the full-story of the world-famous Welsh fashion designer here. He had earlier smashed the man over the head with a hammer. There are 10 Debenhams stores in Wales: Cardiff, Newport, Merthyr Tydfil, Swansea, Llanelli, Carmarthen, Haverfordwest, Wrexham, Llandudno and Bangor. Sometimes they’ll include recommendations for other related newsletters or services we offer. On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. This company became the symbol of the early aughts Dotcom excesses and bust. Travel data company Cirium found that 43 commercial airlines have failed — completely ceased or suspended operations — in 2020 so far, compared to 46 in all of 2019 and 56 throughout 2018. In January, one of Britain's oldest department store collapsed into administration, throwing more than 1,000 jobs into doubt. Join for sensible, accurate and informed updates -  click here. Women’s fashion brand Autonomy went into administration in March and all 44 employees were made redundant. Sometimes they’ll include recommendations for other related newsletters or services we offer. In March, the joint administrators confirmed all remaining outlets would cease trading. Investors stopped funding the company, and it went out of business the same year. A total of 721 employers are set to lose their jobs with the closure of 70 stores. In what was one of the biggest stories of the year, Thomas Cook left thousands of UK holidaymakers stranded abroad in September 2019 when the company went into liquidation. Rent-to-own high street retailer Brighthouse went into administration in March, putting more than 2,000 jobs at risk. It is still unclear if stores will be reopened after restrictions end. The online designer furniture and homeware retailer went into administration in January with the loss of 23 jobs. Some big-name companies have slowly started to re-open as the country nears the end of its six-week lockdown, while non-essential businesses – as well as pubs and restaurants up and down the UK – are still in the dark about when they can expect to re-open. There were 167 employees. 4. Stage Stores. True Religion’s 2020 filing was its second bankruptcy filing in three years. The retailer employed around 1,000 people. Debenhams confirmed it had formally entered administration at the start of April. Carluccio's is the latest business to enter administration, When you subscribe we will use the information you provide to send you these newsletters. More than 20 high street retailers have fallen into administration in 2020, When you subscribe we will use the information you provide to send you these newsletters. Ulta Beauty is not going out of business. Plans to make franchise Mothercare products in Boots have also been put on hold and now expect to be completed by late summer. GNC. Owner Dixons Carphone said they will instead focus on selling mobile devices and connectivity through its shop-in-shops in 305 big Currys PCWorld stores and online. Pier 1 Imports. People are also not going on holiday, to gyms or sporting events, or to the cinemas at the moment. Lewis’s Home Retail was sold to LHR Holding and the staff were transferred as part of the deal. The directors were sued, but exonerated from fraud. 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New York & Co. The fashion retailer went into administration in mid-March, but U.S-based restructuring company Gordon Brothers bought the chain out of administration in April. Want Stoke-on-Trent news emailed to you direct from our journalists? According to the insolvency service, £585 million was owed to customers for package holidays, flights and other services after the firm went bust. The company went into administration in mid-April, putting a question mark over 2,000 jobs. It went public in 1865, but was badly affected by a general fall in stock prices. Ena Shaw, a producer and retailer of soft furnishings based in St Helens, went into administration in February 2020, closing its factory and store. You can unsubscribe at any time. after officially confirming administrators have been called in. … The company still sells versions of its old instant film cameras. But there will be no new rent-to-own sales, and experts said that customers who are claiming compensation from the company might have to wait for longer than usual. Bonmarché. Fashion company Laura Ashley became one of the first business to attribute coronavirus to one of its reasons for entering administration. Just over 600 filed in June, up 43 percent from June of last year. world-famous Welsh fashion designer here. explains more about how we use your data, and your rights. Most of the companies on the list in 1955 are unrecognizable, forgotten companies today. A. The pandemic devastated airlines in 2020 and forced many out of business — here's the most notable that didn't make it to 2021 Thomas Pallini 2021-01-17T13:28:00Z In 2017, the Bellevue-based company’s owners (Golden State Capital) considered a sale as one of many strategies to rid its debt. Gift and toy chain Hawkin’s Bazaar collapsed into administration in January, putting 177 jobs at risk. 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