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Things Remembered to file for bankruptcy, close up to 400 stores, reports say

 
Anonymous Coward
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01/24/2019 04:28 PM
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Things Remembered to file for bankruptcy, close up to 400 stores, reports say
[link to www.al.com (secure)]

Things Remembered, a mall staple best known for its engraved gifts and keepsakes, will file for bankruptcy in the coming days and close most its 400 stores, according to reports.

Citing people familiar with the matter, Reuters said the Ohio-based company hopes to sell its brand and online business as part of the bankruptcy proceedings. Some of its stores may remain open if a buyer is found.


Things Remembered employs some 2,500 people. It currently has debts of roughly $120 million.
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01/24/2019 04:44 PM
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Re: Things Remembered to file for bankruptcy, close up to 400 stores, reports say
Not surprising. Their stuff was overpriced anyway