when did mccrory's go out of business
McCrory Stores In 1989, 1,300 stores were operated by the McCrory company. However, as the decade turned, its fortunes decreased, and by 1992 it filed for bankruptcy. Several rounds of store closures followed, with one of the biggest coming in 1997 when McCrory's shuttered 300 of its last 460 stores. The company also converted some stores to their Dollar Zone format of dollar store, but these closed in early 2002.[4] In December 2001, McCrory Stores announced the remaining McCrory's,[4] TG&Y, G. C. Murphy and J.J. Newberry stores it was operating would begin liquidating and in February 2002 the company ceased operation.[5]
McAlister's Deli The company is owned — along with Schlotzsky's, Carvel, Moe's Southwest Grill, Cinnabon, and Auntie Anne's brands — by Focus Brands, an affiliate of private equity firm Roark Capital Group,[4] based in Sandy Springs, Georgia, operating over 5,000 stores.