Tops Market
A company usually files for bankruptcy when they don’t keep up with their consumer’s changing interests. This is exactly what happened with East Coast grocery chain Tops Market. Although they did file for Chapter 11 bankruptcy, people living in Pennsylvania, Vermont and NY can still enjoy the chain for now, as most of its stores in these states will remain open.
Cole Haan
Nike-owned luxury footwear brand Cole Haan made USA Today’s list of companies most at risk in 2018. Cole Haan began to change their image by focusing more on athletic shoes instead of dress shoes, but this just back-fired. When Apax Partners bought the brand in 2013, they decided to do away with Nike’s famous comfort technology. They don’t seem to be improving whatsoever.