J.C.Penney Files for Bankrupcy


On Friday, American department store chain, J.C.Penney filed for Chapter 11 bankruptcy after a missed debt payment. As a result, they plan on closing 850 stores across the US. It's not surprising to hear that Penney's went bankrupt as they were struggling pretty badly in the past decade. Sadly, this won't be the last department store chain to file for Chapter 11.

Comments

Post a Comment

RULES: Comments are subject to approval before showing up. Please stay on topic and be civil.

Popular posts from this blog

Lost Retail: The history of Knob Hill Farms

Image
A picture of a Knob Hill basket. Credit: Wikipedia For today’s lost retail post I’ll be talking about an old, local chain of grocery stores called Knob Hill Farms. Knob Hill Farms was a chain of 10 warehouse-like “food terminals” in the Toronto area. These stores were pretty large for a supermarket at the time they operated ranging from 65,000 sqft to a gigantic 335,000 sqft. Due to financial issues, Knob Hill Farms closed/sold all their stores in 2000. History Knob Hill Farms was founded in 1954 by Steve Stavro as a more conventional grocery chain operating 9 markets in Toronto. It wasn’t until 1963 that Stravro opened his first 65,000 sqft “food terminal” in Markham. In 1971, Knob Hill Farms expanded into Pickering with its second terminal. Knob Hill Farms than opened their first Toronto store  in 1975 and second Toronto terminal opened in 1977. Their fifth store, which was billed as the largest food store in North America at the time, opened in 1978 in Mississauga. Thi
Read more

Abandoned Target stores: 5 years later

Image
Today’s post will be covering a few well preserved Target stores that are still abandoned 5 years after the company left Canada. Some of these locations are still listed on Google Maps as closed if you look up Target. Many of those abandoned stores are located in dead malls or smaller community malls, which make them harder to re-tenant. Target: Cloverdale Mall-Toronto ON Credit: Google Maps You’re not fooling anyone. They only painted the store green in the last 2 years or so and the store never got a new tenant after Target left. This Target won’t get a new tenant anytime soon because there are plans to redevelop the mall and plus the former Target wing of the mall is dead. Target: Sherdan Centre- Mississauga ON Credit: Google Maps This Target hasn’t been touched since they left. It’s a nice treat to see if you are in the area. There are some noticeable label scars on the building. It’s one of the better preserved stores in the area.  Target: South Oakville Centre- Oakville ON Credit
Read more

Walmart store Number Meanings

Image
Ever wondered what each of the store numbers that are on the top of Walmart receipts mean? These store numbers identify each Walmart store internally and seem to have a common pattern based on when each store was planned/opened. Here’s a list of the store numbers Walmart currently uses in Canada and what they mean. Note that they may be anomalies to this rule and stores may not follow these “rules”.  Last updated June 20 th , 2020. Store number Meaning 3xxx 1990s built store. Also used on former Woolcos. 10xx Usually used for 2000s stores. 11xx Early 2010s stores. 12xx Mid 2010s stores. If you have anything to add to this list, please let me know in the comments. Side note: I'll be switching to my summer posting schedule of 2 posts a month from July 1st till September 1st. Until the next one: DZ
Read more