If you've heard reports that Dirt Cheap is declaring bankruptcy and closing all stores, that's reportedly correct. But, it's not the Missouri thing you might think it is.
It's hard to remember a year where more restaurant chains have gone through financial struggles than 2024. Another Chicago-based company with 10 Illinois locations is now suddenly in bankruptcy court, too.
Any business owner will tell you that profits come and profits go and the outlook can turn on a dime with changing conditions. That appears to be the case for a burger chain that has a location in Illinois that says it suddenly may be declaring bankruptcy based on a new report.
The report of Red Lobster's demise may have been a bit premature after all. It appears that 25 Illinois locations may have just been saved from bankruptcy thanks to a sale in the 11th hour.
It's not easy trying to be a restaurant these days and national chains are certainly not excluded. Multiple reports say that a pizza chain that currently has 22 restaurants in Illinois is exploring bankruptcy possibilities.
Well, this came out of nowhere. A major apparel retailer has suddenly declared bankruptcy and announced it would close 100 stores and that includes Missouri locations although the exact number in the state is uncertain.