Advertisement

Reports: Forman Mills Avoids Bankruptcy with Sale to Shoppers World

Forman Mills home page

Discount retailer Forman Mills, which had been warning of a potential bankruptcy, has been purchased by Shoppers World, according to reporting in The Philadelphia Inquirer. A request for comment from Shoppers World had not been received as of press time.

Forman Mills had recently posted a WARN notice that it would be laying off 245 workers in seven stores in Pennsylvania by Aug. 4, 2023. One store, in Philadelphia, already had closed, and the impending layoffs indicated that others were in danger of shuttering.

Forman Mills, which had been acquired by private equity firm Goode Partners in 2016, currently operates 43 stores in Pennsylvania, Maryland, New Jersey, Illinois, Ohio, Michigan, Wisconsin, Delaware and New York. Shoppers World operates 37 stores, primarily in the Northeast and Midwest. Both the Inquirer and the Philadelphia Business Journal report that Shoppers World plans to keep all the Forman Mills stores open, and even plans to reopen a recently closed Philadelphia store.

Advertisement

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

March 17-19, 2025  |  Free On-Demand Digital Event

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. Join Retail TouchPoints’ Retail Trendcaster webinar series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Register Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: