Ames calls it quits
August 14, 2002,
Rocky Hill, CT — Forty-two-year-old Ames Department Stores announced this morning that it will liquidate and close its 327 remaining stores within the next 10 weeks.
With $260 million in home textiles sales last year, Ames was among the Top 20 retailers for domestics — despite its bankruptcy filing in August 2001. It was the retailer's second trip into bankruptcy in a decade. The $2.7 billion chain was the last survivor among the northeastern regionals and one of only a few regionals left around the country.