50 Companies At Risk of Bankruptcy in 2020

Published on November 26, 2019
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Fred’s Pharmacy

Fred’s Pharmacy, also known as Fred’s, is a retail chain that operates in the southeastern part of the US. As of June 2019, there are 396 pharmacies, with 155 being pharmacies while the others are general discount merchandise. In September of the same year, the company filed a Chapter 11 and are presently seeking to liquidate their assets as well as their fixtures. It looks like another pharmacy has bit the dust.

Fred's

Fred’s

Notable Mention – Linens ‘n Things  

This homeware and home accessories store saw itself struggle to stay competitive with department stores such as Sears, Macy’s, and even furniture giant, Ikea. Founded in 1975 in New Jersey, Linens ‘n Things had 571 stores between the US and Canada. Due to struggles in earning a profit, it decided to file for bankruptcy. By 2008 the company had gone out of business and liquidated all of its assets.

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Linens 'n Things

Linens ‘n Things