Business ❯ Retail ❯ Bankruptcy

Company Closures

Party City Big Lots LL Flooring Financial Issues Forever 21 JOANN and Forever 21 JOANN Stores Matratzen Direct AG American Signature Inc. Rite Aid 2025 Retail Bankruptcies Saks Global

Value City, American Signature to Close All 89 Stores as Parent Begins Liquidation

Steep post‑pandemic sales declines plus a stalled housing market left the 78‑year‑old retailer without a buyer, forcing liquidation.

U.S. Retailers Shut More Than 8,100 Stores in 2025 as Bankruptcies Culminate in Major Exits