Ames shutting 47 stores

Aug. 16, 2001
Ames Department Stores Inc. said today that it is closing 47 store locations, affecting 2,000 employees in 10 markets and numerous carriers. The stores will immediately begin liquidation and are expected to close by the end of October. “We've continued to see a softening economy in the last several months and don't anticipate much improvement in the short term,” said Joseph R. Ettore (left), Ames'
Ames Department Stores Inc. said today that it is closing 47 store locations, affecting 2,000 employees in 10 markets and numerous carriers. The stores will immediately begin liquidation and are expected to close by the end of October.
“We've continued to see a softening economy in the last several months and don't anticipate much improvement in the short term,” said Joseph R. Ettore (left), Ames' chairman & CEO. “In this tough economic climate we feel that it is in the company's best interest to put our efforts into our viable core business, which represents just over 400 store locations.”

Connecticut-based Ames is the nation's largest regional, full-line discount retailer, with annual sales of approximately $4 billion, and has 452 stores in the Northeast, Mid-Atlantic and Mid-West.

About the Author

Tim Parry

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...