Many retail establishments were forced to declare bankruptcy including Allied Stores Corporation, Ames Department Stores, Ann & Hope, Bradlees, Caldor, CompUSA, Circuit City, G.C.Murphy's, Globe, Goody's, Hills, Jamesway, JM Fields, KB Toys, K-Mart, King's, Federated Department Stores, Linens 'n Things, Mattress Discounters, Mammoth Mart, Macy (R.H.) & Company, Montgomery Ward Holding Corporation, Rich's, Steve & Barry's, S&K Menswear, Stuart's, The Circle K Corporation, Tweeter, Venture, Woolco, Woolworth, and Zayre. Berry, Sieders & Gresham (1997) counted the failure of more than 100,000 retail corporations between 1990 and 1996. Few establishments emerged from bankruptcy but the majority ceased to exist.
|