Current:Home > FinanceIs Ames Department Stores coming back? Previous online speculation fell flat -QuantumFunds
Is Ames Department Stores coming back? Previous online speculation fell flat
Surpassing Quant Think Tank Center View
Date:2025-04-08 21:18:40
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! (25)
Related
- Could your smelly farts help science?
- The Daily Money: Can I afford to insure my home?
- Carolina Hurricanes GM Don Waddell steps down; would Columbus Blue Jackets be interested?
- Documentary filmmaker Morgan Spurlock, who skewered fast food industry, dies at 53
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Special session for ensuring President Biden makes Ohio’s fall ballot could take several days
- Man charged with murder in fatal shooting at Pennsylvania linen company
- Victoria Justice Teases What Goes Down in Victorious and Zoey 101 Group Chats
- Current, future North Carolina governor’s challenge of power
- NCAA women's lacrosse semifinals preview: Northwestern goes for another title
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- North Carolina judge properly considered jurors’ request in murder trial, justices decide
- American arrested in Turks and Caicos over ammo found in bag gets suspended sentence of 52 weeks
- Biden campaign releases ad slamming Trump on gun control 2 years after Uvalde school shooting
- A South Texas lawmaker’s 15
- You'll Be Stuck On New Parents Sofia Richie and Elliot Grainge's Love Story
- 'Atlas' review: Jennifer Lopez befriends an AI in her scrappy new Netflix space movie
- A police officer is held in deadly shooting in riot-hit New Caledonia after Macron pushes for calm
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Home prices reach record high of $387,600, putting damper on spring season
Patrick Mahomes' Wife Brittany Mahomes Gives Health Update After Breaking Her Back
Oilers' Connor McDavid beats Stars in double overtime after being robbed in first OT
Intellectuals vs. The Internet
Officials change course amid outrage over bail terms for Indian teen accused in fatal drunk driving accident
UCLA police arrest young man for alleged felony assault in attack on pro-Palestinian encampment
NCAA men's lacrosse tournament semifinals preview: Can someone knock off Notre Dame?