Another Michigan Business Files for Chapter 11
Lets hope we don't say good-bye to a Michigan based company
Mount Morris Township, Michigan based company Campus Den has filed for Chapter 11 bankruptcy after court paperwork says is a decline in sales.
If you are not familiar with the retailer, they explain themselves as...
Campus Den has the biggest selection of university apparel for Michigan based schools. We specialize in graphic t-shirts for dedicated students, alumni, and sports fanatics. Choose from t-shirts, sweatshirts, hats, humorous rivalry merchandise, and accessories. Whether you're a loyal Michigan fan or a hardcore Michigan State fan, we have something that's right for you. We offer top quality college gear at prices that just can't be beaten.
Campus Den, closed 11 locations last year and are left with only 15, that are now suffering. According to sgbonline.com even after the closures, Campus Den has been “left it with substantial liabilities that is unable to pay.” With retail sales dropped by more than a million dollars from 2017 to 2018, it is no wonder why the company is in trouble.
The great news is that there are no plans to close additional stores, The bankruptcy will enable Campus Den to “tighten up our core” and elevate customer service.
I think we all hope this Michigan based company will survive!