Stores and Brands You Thought Were Dead But Aren't

These days, it's hard to scan the headlines without reading about a store that's on the financial ropes. The pandemic has accelerated bankruptcies among retailers, and even before that, many big names were hurting. But that doesn't mean your favorite stores and brands are out of the game forever. Many are attempting a comeback, while others sell only online. Still others cling to life as bricks-and-mortar retailers, like Sears, which recently said goodbye to its last remaining store in its home state. Here are several notable stores and brands that aren't waving a white flag just yet — plus a few that seem very close.

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Sears is still around, but if you thought it was already a goner, we can't blame you. The iconic chain is on what can only be described as life support, and is left with around 30 stores, according to Forbes, a stunning number for an American icon that used to dominate every facet of retail and had close to 4,000 locations at its peak. Adding insult to injury: It just closed its last store in Illinois, the state where the company's empire got its start. Perhaps the only thing keeping Sears alive: A slow market for commercial real estate that makes the stores a tough sell. 

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This iconic toy store broke the hearts of young and old alike when it filed for bankruptcy in 2017 and liquidated in early 2018. The next year, it announced a comeback attempt and opened two smaller-format stores in Texas and New Jersey, but they shut down after not quite a year and a half. Still, the chain may get yet another chance: Parent company WHP Global has announced a partnership with Macy's that will put Toys R Us merchandise in 400 department stores in 2022. WHP has also said it wants to open a yet-to-be-determined number of U.S. stores ahead of the 2021 holiday season. 

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Turns out New Yorkers' favorite place to score discounted designer duds may not be dead quite yet. Though the chain declared bankruptcy and closed all of its stores in September 2020, the family-run company recently announced it will re-open in South Korea. It's also hoping to relaunch bricks-and-mortar stores in the U.S. 

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One of the first major retailer bankruptcies of 2020, Pier 1 was forced to liquidate and close all of its more than 500 stores after it failed to find a buyer willing to keep any of its physical locations open. However, the home-goods brand did eventually attract a buyer, Retail Ecommerce Ventures, willing to fork over millions to give it a go with e-commerce. That means you can still shop Pier 1 online (though those iconic papasans were sadly gone when we last checked). 

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The story of this once-proud discounter mirrors that of Sears, which is unsurprising since the chains share an owner. Mostly in the news these days because many of its shuttered locations are hosting COVID-19 vaccination clinics, Kmart is also down to around 30 open stores, according to Retail Dive. 

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Payless made big waves in early 2019 when it filed for bankruptcy and said it would pull the plug on all of its roughly 2,500 U.S. locations. It was Payless' second bankruptcy in two years — but the brand is still operating online and overseas. Its website launched in August 2020, and there are still 700 stores elsewhere, many of them in Central and Latin America. Payless also re-opened its first U.S. store in Miami earlier this year.

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Known for all things cutesy, classic, and matchy-matchy, this beloved children's apparel retailer filed for bankruptcy at the beginning of 2019 and announced it would close all of its stores. However, one of its major competitors, The Children's Place, soon snapped up the brand, which can still be found online. The Children's Place also sells Gymboree-branded apparel at about 200 of its stores for those still seeking an in-store experience.

This much-loved purveyor of gadgets and gizmos filed for bankruptcy in 2018, a decision that ultimately led about 100 mall-based stores to close. But you still have options if you really must have that latest neck and back massager: A buyer purchased the brand's more than 30 airport-based stores, and they remain open. Brookstone also maintains a storefront online, and sells select products through Macy's and other retailers.

It used to be that even in the smallest towns, you could count on a nearby RadioShack for an obscure cable or some cheap headphones. But in 2017, it shut down more than 1,000 remaining company-owned stores and mostly faded into obscurity. Or did it? The brand still has hundreds of authorized dealers across the country, and its products are sold in "RadioShack Express" shops inside most HobbyTown stores. Its website is also alive and kicking, selling pocket radios, batteries, and even retro RadioShack T-shirts.

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The tonier counterpart of Toys "R" Us, F.A.O. Schwarz declared bankruptcy in 2003 and was actually sold to its rival in 2009. Its famous Fifth Avenue store (where Tom Hanks traipsed across a toy piano in the movie "Big") shut down in 2015, but new owners opened another location at Rockefeller Plaza a few years later. F.A.O. Schwarz has also struck lucrative deals with retailers like Target, which carried an exclusive 70-piece line from the brand over the holidays, and its website remains open for business.

In a blow to the Big Apple's well-heeled fashionistas, Barneys filed for bankruptcy in 2019, shortly after announcing that it would liquidate and close its famously luxurious Madison Avenue flagship. But the Barneys name actually lives on — in a store within a store at rival Saks Fifth Avenue. New owner Authentic Brands licensed the Barneys name to Saks, and shoppers can peruse Barneys-branded wares both in person and online.

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Once a mall stalwart, this well-known fashion retailer went bankrupt at the beginning of 2017 and closed all of its roughly 250 stores. Though it initially planned to become an e-commerce brand in its own right, that plan was short-lived. Instead, southern department-store chain Belk purchased the brand and re-launched it as a private label. 

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Once a formidable competitor with the likes of Best Buy, electronics and appliance brand Circuit City declared bankruptcy in 2008 and closed all of its stores within a year. However, a new owner has re-launched the brand online, and the chain's Canadian relative, The Source (formerly The Source by Circuit City) continues to operate more than 400 stores.

Once a worthy rival to Bed, Bath & Beyond, Linens 'N Things filed for bankruptcy back in 2008 and shut down its hundreds of stores through the end of the year. But the company has lived on as an e-commerce retailer, and its latest owner, Retail Ecommerce Ventures, is the same company that resuscitated Pier 1 and RadioShack online. More known brands now in REV's portfolio include Modell's Sporting Goods, Dressbarn, and The Franklin Mint. The company also just acquired Stein Mart.

These zany catalogs used to be as much a part of the in-flight experience as packs of peanuts. Each edition guaranteed at least a half-hour of head-scratching entertainment as airline passengers perused the bafflingly niche items, from floating poker tables to half-scale suits of armor. Sadly, the company went bankrupt in 2015, and while you'll no longer find that familiar flight companion in your seat-back pocket, it continues to hawk plenty of weird items online.

Sharper Image stores disappeared after the chain filed for bankruptcy in 2008, and we certainly miss marveling at all the kooky products we never knew we needed, from coin sorters to levitating plants to a golf club drink dispenser. But if you do any shopping at department stores, you might have noticed the brand is still alive and well under new ownership. You can pick up Sharper Image merchandise at the brand's own website, or at stores including Kohl's, JCPenney, and Bed Bath & Beyond.

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Department stores have had a rough go of it these days, and no chain knows that better than Bon-Ton and its subsidiaries. But Bon-Ton may yet have some life left in it. The iconic brand that operated stores including Carson's, Boston Store, Herberger's and Elder-Beerman declared bankruptcy in 2018 and quickly liquidated. Plans have been in the works for new bricks-and-mortar locations, but the first such store, a Carson's in Illinois, did not last long. An online launch is coming soon. 

This sexy store that "made domestically produced clothing cool again" is a shadow of its former self. As Glossy notes, it continues to hang on as an online retailer, but very little appears to be made in the U.S., marking a major shift from the brand's heyday. Gildan, Canadian maker of utilitarian T-shirts and sweatshirts, bought the company in early 2017 after American Apparel's second bankruptcy in little more than a year. Its stores were shut down soon thereafter.

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Liquidation is often the last stop on the long road of decline for any retailer, but not Charlotte Russe. The trendy women's clothing retailer was a victim of malls' increasing unpopularity, filing for bankruptcy in 2019 and liquidating shortly thereafter. But a new owner quickly purchased the brand, relaunched its website, and has since opened more than 180 new locations.

This popular jewelry and accessories chain was no longer living a charmed life as of mid-2019, when it announced its second bankruptcy filing in two years and said it would close all remaining shops. But the company's founder bought what remained of the company and is giving it another go: The store's website is up and running, and there are now several new stores across the country.

One of the nation's most well-known plus-size retailers, Catherine's was dealt a major blow when parent company Ascena filed for bankruptcy in 2020. Ascena closed all Catherine's stores as part of its reorganization, choosing to focus on Lane Bryant, Loft, and Ann Taylor instead. All is not lost for Catherine's fans, however. FullBeauty, a company that owns several other plus-size brands, purchased Catherine's and is now operating the store online.

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