Current:Home > InvestIs Ames Department Stores coming back? Previous online speculation fell flat -TradeStation
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-17 14:39:46
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! (36343)
Related
- Rylee Arnold Shares a Long
- Oklahoma city approves $7M settlement for man wrongfully imprisoned for decades
- Sofía Vergara Responds After Joe Manganiello Says Her Reason for Divorce Is “Not True”
- US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- US Army intelligence analyst pleads guilty to selling military secrets to China
- Viral Australian Olympic breakdancer Raygun responds to 'devastating' criticism
- Zelenskyy says Ukrainian troops have taken full control of the Russian town of Sudzha
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- White House says deals struck to cut prices of popular Medicare drugs that cost $50 billion yearly
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- US shoppers sharply boosted spending at retailers in July despite higher prices
- Reports: US Soccer tabs Mauricio Pochettino as new head coach of men's national team
- Iran police shot a woman while trying to seize her car over hijab law violation, activists say
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Arrests made in Virginia county targeted by high-end theft rings
- Detroit judge sidelined for making sleepy teen wear jail clothes on court field trip
- As Baltimore’s Sewer System Buckles Under Extreme Weather, City Refuses to Help Residents With Cleanup Efforts
Recommendation
Travis Hunter, the 2
4 killed in series of crashes on Ohio Turnpike, closing route in both directions
Kim Kardashian Says Her Four Kids Try to Set Her Up With Specific Types of Men
Taylor Swift gets 3-minute ovation at Wembley Stadium: Follow live updates from London
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
See Travis Kelce Make His Acting Debut in Terrifying Grotesquerie Teaser
Planning a Girls’ Night Out in NYC? Here’s What You Need to Make It Happen
Jackson City Councilwoman Angelique Lee resigns after federal bribery charge