Current:Home > StocksIs Ames Department Stores coming back? Previous online speculation fell flat -TrueNorth Finance Path
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-14 05:14:24
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 [email protected] and follow her on X @nataliealund.
veryGood! (45979)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Retired Army officer charged with sharing classified information about Ukraine on foreign dating site
- Regulator proposes capping credit card late fees at $8, latest in Biden campaign against ‘junk fees’
- Chick-fil-A tells customers to throw out a popular dipping sauce
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- California man is first in the US to be charged with smuggling greenhouse gases, prosecutors say
- New Hampshire man accused of kidnapping children, killing mother held without bail: reports
- Being a female runner shouldn't be dangerous. Laken Riley's death reminds us it is.
- This was the average Social Security benefit in 2004, and here's what it is now
- San Francisco Giants' Matt Chapman bets on himself after 'abnormal' free agency
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Oregon lawmakers voted to recriminalize drugs. The bill’s future is now in the governor’s hands
- Of the Subway bread choices, which is the healthiest? Ranking the different types
- Dormitory fire forces 60 students into temporary housing at Central Connecticut State University
- 2025 'Doomsday Clock': This is how close we are to self
- Conspiracies hinder GOP’s efforts in Kansas to cut the time for returning mail ballots
- Simona Halep wins appeal, cleared for immediate return from suspension
- Regulator proposes capping credit card late fees at $8, latest in Biden campaign against ‘junk fees’
Recommendation
Highlights from Trump’s interview with Time magazine
That got an Oscar nomination? Performances you won't believe were up for Academy Awards
EAGLEEYE COIN: Blockchain technology is at the heart of meta-universe and Web 3 development
5 die in fiery small plane crash off Nashville interstate
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Alabama lawmakers aim to approve immunity laws for IVF providers
Donald Trump wins North Dakota caucuses, CBS News projects
Oregon lawmakers voted to recriminalize drugs. The bill’s future is now in the governor’s hands