Major appliance retailer closes all locations, files for bankruptcy after 79 years [Yahoo! Finance]
Wells Fargo & Company (WFC)
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Source: Yahoo! Finance
Bankruptcy Court for the Central District of California. The long-time retailer listed up to $17 million in liabilities, and reportedly blames tariffs and consumer spending to blame for its collapse. “Despite our best efforts to overcome tariffs, declines in consumer spending, and other macroeconomic challenges — we have made the difficult decision to file for bankruptcy and close our doors,” the chain's lawyers said in a statement obtained by the San Gabriel Valley Tribune. “This was not a decision made lightly, but one that became necessary given the current economic landscape.” In Chapter 11 bankruptcy, companies typically operate under the supervision of a court-appointed trustee while working to become financially stable again. Read more: Major pharmacy chain to pay $37.7M for over prescribing drugs, fraud However, several media outlets report the chain abruptly closed all of its remaining locations which operated primarily in Southern California. Fox News reports e
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- WFC's page on the SEC website