Current:Home > FinanceIs Ames Department Stores coming back? Previous online speculation fell flat -Horizon Finance School
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-28 00:02:12
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! (2552)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Wisconsin’s Struggling Wind Sector Could Suffer Another Legislative Blow
- Trump’s EPA Halts Request for Methane Information From Oil and Gas Producers
- 5 dogs killed in fire inside RV day before Florida dog show
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Ulta's New The Little Mermaid Collection Has the Cutest Beauty Gadgets & Gizmos
- New childhood obesity guidance raises worries over the risk of eating disorders
- Jennifer Lopez Details Her Kids' Difficult Journey Growing Up With Famous Parents
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- In Charleston, S.C., Politics and Budgets Get in the Way of Cutting Carbon Emissions
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Japan’s Post-Quake Solar Power Dream Alluring for Investors
- Hurricane Michael Cost This Military Base About $5 Billion, Just One of 2018’s Weather Disasters
- Avalanches Menace Colorado as Climate Change Raises the Risk
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- For these virus-hunting scientists, the 'real gold' is what's in a mosquito's abdomen
- Surge in Mississippi River Hydro Proposals Points to Coming Boom
- Trisha Yearwood Shares How Husband Garth Brooks Flirts With Her Over Text
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
The Democrats Miss Another Chance to Actually Debate Their Positions on Climate Change
Beyoncé single-handedly raised a country's inflation
Phosphorus, essential element needed for life, detected in ocean on Saturn's moon
Bodycam footage shows high
Southern Baptists expel California megachurch for having female pastors
Clean Economy Jobs Grow in Most Major U.S. Cities, Study Reveals
Famed mountain lion P-22 had 2 severe infections before his death never before documented in California pumas