El total de cierres de cadenas aumentó en un 69% en noviembre de 2024 en relación al mismo mes del 2023.
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The chains that have declared bankruptcy and closed their stores in the United States: complete list

The complicated financial and economic situation being experienced in the United States has triggered a serious crisis in a new chain: Hooters.

More information: The store that is offering huge discounts in the United States due to the closure of its locations: locations and offers

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Hooters, the famous restaurant chain, with international presence, is reportedly considering filing for bankruptcy through Chapter 11 of the Bankruptcy Law in order to develop a payment plan and possible restructuring. 

As mentioned by Bloomberg, the chain, which closed several branches in the country last year due to "low impact", is "suffering" from liquidity problems, resulting in a debt of approximately 300 million dollars with its creditors. 

Therefore, the brand, based in Atlanta, has reportedly hired a new law firm, Roper & Gray, to design a total restructuring plan. In addition, they have sought advice from the investment bank Houlihan Lokey to overcome their financial difficulties.

The recent actions of Hooters confirm the worrying financial and economic outlook in the United States which has affected various companies including supermarkets, restaurants, among others, but which brands have been affected and what has been the level of impact of their different crises? 

Struggling Chains in the United States

Factors such as rising cost of living, growth of e-commerce, and global economic difficulties, are some of the reasons why the retail market has been significantly affected. 

According to a report by research firm CoreSight Research, the total closures in November 2024 increased by 69% compared to the same month in 2023. 

Well-known brands like Macy's have resorted to closing a large number of stores to alleviate their crisis and avoid bankruptcy. However, many others have been forced to resort to this measure and close a large number of branches such as: 

  • Family Dollar: 677 stores 

  • CVS Health: 586 stores 

  • Big Lost: 580 stores 

  • Conn's: 553 stores 

  • Rue21: 543 stores 

  • Rite Aid: 408 stores 

  • 99 Cents Only Stores: 371 stores 

  • American Freight: 353 stores 

  • Big Lost!: 340 stores 

  • Bargain Hunt: 92 stores 

Other chains, like Kohl's, have decided to reduce their presence by closing 27 stores to cut financial losses. 

In contrast to all this, mega companies like Walmart and Aldi have "taken advantage" of these series of actions to increase their presence in different states by acquiring the bankrupt establishments.

*This article has been automatically translated using artificial intelligence