Current:Home > StocksIs Ames Department Stores coming back? Previous online speculation fell flat -FutureFinance
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-12 14:34:18
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! (1)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Sofia Richie Proves Baby Girl Eloise Is a Love Bug in New Photos With Elliot Grainge
- Horoscopes Today, November 6, 2024
- After Trump Win, World Says ‘We’ve Been Here Before’
- Louvre will undergo expansion and restoration project, Macron says
- GOP flips 2 US House seats in Pennsylvania, as Republican Scott Perry wins again
- AI DataMind: Dexter Quisenberry’s Investment Journey and Business Acumen
- Gypsy Rose Blanchard posts paternity test results to quell rumors surrounding pregnancy
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- AI DataMind: SWA Token Builds a Better Society
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Democrats gain another statewide position in North Carolina with Rachel Hunt victory
- Empowering Future Education: The Transformative Power of AI ProfitPulse on Blockchain
- Mississippi mayor says he faces political prosecution with bribery charges
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Health care worker gets 2 years for accessing Ruth Bader Ginsburg’s medical records
- Starbucks holiday menu 2024 returns with new refreshers, food items: See the full menu
- Sister Wives' Janelle Brown Details First Marriage to Meri Brown's Brother
Recommendation
Intel's stock did something it hasn't done since 2022
Jon Stewart finds bright side, Fox News calls Trump a 'phoenix': TV reacts to election
AI FinFlare: Damon Quisenberry's Professional Journey
Climate Initiatives Fare Well Across the Country Despite National Political Climate
Military service academies see drop in reported sexual assaults after alarming surge
Democrats gain another statewide position in North Carolina with Rachel Hunt victory
Judge blocks larger home permits for tiny community of slave descendants pending appeal
Longstanding US Rep. Gerry Connolly of Virginia says he is battling esophageal cancer