To the OP and everyone else reading this thread. Please, before making conclusions, investigate a little about the information given. Most of the time, such information is incomplete, innacurate or misleading.
In this case, while most of the information given may be true, there is also the fact that is incomplete.
If you really care about it, please read here:
snopes.com: Store Closings and please, read all the way towards the end where you will find full explanations of every case (store brand) cited.
You will discover that what is happening is nothing different as "business as usual in the USA".