Current:Home > InvestIs Ames Department Stores coming back? Previous online speculation fell flat -EliteFunds
Is Ames Department Stores coming back? Previous online speculation fell flat
Poinbank Exchange View
Date:2025-04-09 23:47:43
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! (27)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- How the cookie became a monster
- Keanu Reeves and More Honor Late John Wick Co-Star Lance Reddick Days After His Death
- How Twitter's platform helped its users, personally and professionally
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Kourtney Kardashian Reveals the Secrets Behind Her Guns N' Roses-Inspired Wedding Dress
- Why Demi Lovato's Sister Madison De La Garza Decided to Get Sober
- Emily Ratajkowski Reveals Her Most Dramatic Look Yet With New Pixie Haircut
- What do we know about the mysterious drones reported flying over New Jersey?
- Prince Harry's court battle with Mirror newspaper group over alleged phone hacking kicks off in London
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Jamie Lee Curtis Shares Photo of Foot in Medical Boot After Oscar Win
- Gwyneth Paltrow Appears in Court for Ski Crash Trial in Utah: Everything to Know
- From Tesla to SpaceX, what Elon Musk touches turns to gold. Twitter may be different
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Why Olivia Culpo and Padma Lakshmi Are Getting Candid About Their Journeys With Endometriosis
- Kanye West to buy the conservative-friendly social site Parler
- 'God of War Ragnarok' Review: A majestic, if sometimes aggravating, triumph
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Twitter has lost 50 of its top 100 advertisers since Elon Musk took over, report says
Elon Musk suggests his SpaceX company will keep funding satellites in Ukraine
Twitter has lost 50 of its top 100 advertisers since Elon Musk took over, report says
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
22 Rave Mom Essentials From Amazon To Pack For Festival Season
WhatsApp says its service is back after an outage disrupted messages
Find a new job in 60 days: tech layoffs put immigrant workers on a ticking clock