Current:Home > StocksIs Ames Department Stores coming back? Previous online speculation fell flat -WealthRoots Academy
Is Ames Department Stores coming back? Previous online speculation fell flat
View
Date:2025-04-13 08:29:38
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 nalund@usatoday.com and follow her on X @nataliealund.
veryGood! (4)
Related
- Average rate on 30
- AP PHOTOS: Pan American Games bring together Olympic hopefuls from 41 nations
- DC pandas will be returning to China in mid-November, weeks earlier than expected
- AP PHOTOS: Pan American Games bring together Olympic hopefuls from 41 nations
- Former longtime South Carolina congressman John Spratt dies at 82
- NHL suspends Ottawa Senators' Shane Pinto half a season for violating sports wagering rules
- NFL should have an open mind on expanding instant replay – but it won't
- Wife of ex-Alaska Airlines pilot says she’s in shock after averted Horizon Air disaster
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Attorneys for Mel Tucker, Brenda Tracy agree on matter of cellphone messages
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- From country to pop, 2014 nostalgia to 2023 reality — it’s time for Taylor Swift’s ‘1989'
- Arizona Diamondbacks take series of slights into surprise World Series against Texas Rangers
- Spain considers using military barracks to house migrants amid uptick in arrivals by boat
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Residents shelter in place as manhunt intensifies following Lewiston, Maine, mass shooting
- GDP surged 4.9% in the third quarter, defying the Fed's rate hikes
- 1 of 4 men who escaped from a central Georgia jail has been caught, authorities say
Recommendation
Arkansas State Police probe death of woman found after officer
AP PHOTOS: Pan American Games bring together Olympic hopefuls from 41 nations
Coyotes' Travis Dermott took stand that led NHL to reverse Pride Tape ban. Here's why.
Kentucky Supreme Court strikes down new law giving participants right to change venue
Meta donates $1 million to Trump’s inauguration fund
Augusta National not changing Masters qualifying criteria for LIV golfers in 2024
Week 9 college football expert picks: Top 25 game predictions led by Oregon-Utah
Javelinas tore up an Arizona golf course. Now some are arguing about its water use