InkStop was an American retail company from 2004 to 2009.
History
Beginnings
In 2004, InkStop founder and CEO, Dirk Kettlewell. InkStop, which was to be focused on profiting from mainly ink and toner sales in smaller stores giving convenience and better customer service than the competition.
Fast growth
After its first location opened up in
Independence, Ohio
Independence is a city in Cuyahoga County, Ohio, United States. As of the 2020 census, the city population was 7,584. A suburb of Cleveland, it is a part of the Cleveland metropolitan area.
History
Independence was originally called Center an ...
in 2006, InkStop grew to operate as many as 162 stores in 14 states. In April 2009, RBC Global Capital Markets ranked the company one of the 30 fastest-growing retailers nationwide.
Abrupt end
On November 5, 2009, InkStop filed for
Chapter 7 bankruptcy
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the United States. This is in contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of ''re ...
. The filing states the company owes $48.3 million to more than a 1,000 creditors.
References
External links
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American companies established in 2005
Companies that filed for Chapter 7 bankruptcy in 2009
American companies disestablished in 2009
Defunct companies based in Ohio
Defunct retail companies of the United States
Retail companies based in Ohio
Office supply retailers of the United States
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