Current:Home > InvestIs Ames Department Stores coming back? Previous online speculation fell flat -FundGuru
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-19 06:52:56
Decades after closing down hundreds of stores, online posts have again suggested a potential return for Ames Department Stores, despite previous speculation that failed to materialize.
A message on a website and social media accounts purporting to belong to the store says the company plans to open dozens of locations across the United States beginning in 2026 after closing up shop more than two decades ago.
But organizers of the alleged store comeback have been difficult to reach and verification tough to come by.
A previous version of the website claimed the store was eyeing a 2023 comeback, an effort that did not come to fruition.
USA TODAY has reached out for further information.
Based in Rocky Hill, Connecticut, the former chain of discount stores shuttered its stores in 2002 after more than four decades of operation. Ames shut down more than 300 department stores, leaving 21,500 employees jobless, a year after it filed for U.S. bankruptcy-court protection, the Wall Street Journal reported at the time.
The company could not immediately be reached by USA TODAY on Monday to say whether the new locations would be opened.
Why did Ames go out of business?
The company, run by former chairman and CEO Joseph R. Ettore, "started to bleed after Walmart and Target began setting up shop in its backyard in the 1990s," the Wall Street Journal previously reported.
Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@usatoday.com and follow her on X @nataliealund.
veryGood! (7954)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- A proposed amendment lacks 1 word that could drive voter turnout: ‘abortion’
- Katy Perry's new music video investigated by Balearic Islands' environmental ministry
- Machine Gun Kelly Shares His Dad Stood Trial at Age 9 for His Own Father's Murder
- Retirement planning: 3 crucial moves everyone should make before 2025
- Jurors to hear opening statements in trial of ex-politician accused of killing Las Vegas reporter
- Coca-Cola, Oreo collaborate on new, limited-edition cookies, drinks
- Taylor Swift’s Ex-Boyfriend Conor Kennedy Engaged to Singer Giulia Be
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Trial begins in case of white woman who fatally shot Black neighbor during dispute
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Ultimate Guide To Dressing Like a Love Island USA Islander Ahead of the Season 6 Reunion
- Justin Baldoni Addresses Accusation It Ends With Us Romanticizes Domestic Violence
- Recall of candy, snacks sold at Target, Walmart upgraded over salmonella risk
- Why members of two of EPA's influential science advisory committees were let go
- 10 college football freshmen ready to make an instant impact this season
- Black bear euthanized after it attacks, injures child inside tent at Montana campground
- Auto workers union seeks NLRB investigation of Trump and Musk comments about firing striking workers
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Deputies say man ran over and fatally shot another man outside courthouse after custody hearing
VP candidates Walz and Vance manage their money very differently. Advisers weigh in.
John Mulaney calls marrying Olivia Munn 'one of the most fun things' ever
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
PHOTO COLLECTION: AP Top Photos of the Day Tuesday August 13, 2024
What are the gold Notes on Instagram? It's all related to the 2024 Paris Olympics
DNA investigation links California serial killer to 1986 killing of young woman near Los Angeles