Tops Market
The most common reason why a company files for bankruptcy is its failure to keep up with the changing interest of their consumers. According to CheatSheet, this is exactly the case with Tops Market. With more and more shoppers interested in non-traditional food sellers, competition, and falling food prices, Tops Market had no choice but to file for Chapter 11 bankruptcy.
Tops
However, shoppers can still go to Tops. For now, The East Coast grocery chain will keep most of its stores open in Pennsylvania, Vermont, and New York. The Buffalo News gives us a glimmer of hope for the company, saying that in July 2018 the company was freed from the $80 million annual interest it had to pay in 2017.
Cole Haan
This luxury footwear brand made it on the list of USA Today – but it’s not a list that they would like to be on. USA Today included Cole Haan on their list of 26 companies which are most at risk in 2018. The company even attempted to appeal to the rising trend of athletic shoes by changing its image and focusing more on sneakers instead of dress shoes.
Cole Haan
Cole Haan was owned by Nike, an athletic shoe brand. Then, it was bought by Apax Partners in 2013 and it abandoned Nike’s famous comfort technology. Cole Haan had included sneaker comfort into their dress shoes. Now, it’s even competing against its former mother company and USA Today reports that it is not experiencing any improvements… So does Charlotte Russe!
