Current:Home > StocksIs Ames Department Stores coming back? Previous online speculation fell flat -WealthPro Academy
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-15 11:17:44
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! (4273)
Related
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Brian Austin Green Details “Freaking Out” With Jealousy During Tiffani Thiessen Romance
- First over-the-counter birth control pill in US begins shipping to stores
- The growing industry of green burials
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Three-man, one-woman crew ready for weather-delayed launch to space station
- Biden says U.S. will airdrop humanitarian aid to Gaza
- More than 10,000 players will be in EA Sports College Football 25 video game
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Florida passes bill to compensate victims of decades-old reform school abuse
Ranking
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- First over-the-counter birth control pill coming to U.S. stores
- Caitlin Clark, Iowa set sights on postseason. How to watch Hawkeyes in Big Ten tournament.
- Evers signs Republican-authored bill to expand Wisconsin child care tax credit
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- Missing Houston girl E'minie Hughes found safe, man arrested in connection to disappearance
- Jason Kelce Tearfully Announces His Retirement From NFL After 13 Seasons
- Joe Manganiello Praises This Actress for Aging Backwards
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Lisa Vanderpump Has the Perfect Response to Raquel Leviss' Podcast Shade
Horoscopes Today, March 3, 2024
Here's how to negotiate a lower commission fee from your real estate agent
What to watch: O Jolie night
Texas wildfire update: Map shows ongoing devastation as blazes engulf over a million acres
Deputies fatally shot a double-murder suspect who was holding a chrome shower head
This oral history of the 'Village Voice' captures its creativity and rebelliousness