Tag

Liquidation Sales

All articles tagged with #liquidation sales

business1 year ago•1 min saved

Bankrupt Furniture Chain Shuts Down Nationwide, Launches Liquidation Sales

American Freight, a national furniture store chain, is closing all 15 of its Michigan locations as part of a broader shutdown of all 328 stores following its parent company, Franchise Group Inc., filing for bankruptcy. The closures are attributed to inflation and economic challenges in the durable goods sector. Liquidation sales are underway, offering discounts on various furniture and appliances. Despite the closures, some financing and delivery services will still be available to customers.

via WDIV ClickOnDetroit|

#american-freight #bankruptcy #business

business1 year ago•1 min saved

National Furniture Retailer Shuts Down All U.S. Stores Amid Liquidation

American Freight, a major furniture and appliance retailer, is closing all 328 U.S. locations, including six in New York, due to its parent company Franchise Group Inc.'s Chapter 11 bankruptcy. The closures are attributed to inflation and macroeconomic challenges in the durable goods sector. Franchise Group's other businesses, such as Pet Supplies Plus and The Vitamin Shoppe, remain unaffected. Closing sales began on November 5, offering significant discounts as part of the liquidation process.

via Democrat & Chronicle|

#american-freight #bankruptcy #business

business2 years ago•1 min saved

"99 Cents Only: End of an Era as All Stores Close Amid Bankruptcy Fears"

99 Cents Only, the deep discount retailer, is closing all 371 of its stores in the United States, including at least 15 stores in Las Vegas and others in Henderson, North Las Vegas, and Boulder City. Liquidation sales are set to begin, and the company, founded in 1982, is based in Commerce, Calif. The chain had a notable presence in Las Vegas, with its 13th store opening in 2011 and efforts to bring beer and wine sales to the area in 2013.

via Las Vegas Review-Journal|

#99-cents-only #business #discount-retailer

business2 years ago•1 min saved

"99 Cents Only: Nationwide Closure of All 371 Stores Announced"

99 Cents Only stores will be closing all 371 locations in California, Arizona, Nevada, and Texas, with liquidation sales beginning Friday. The decision comes after facing significant challenges in the retail environment, including the impact of the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and other macroeconomic headwinds. The company had explored alternatives but ultimately determined that an orderly wind-down was necessary to maximize the value of its assets.

via CBS Los Angeles|

#99-cents-only #business #economic-challenges

business2 years ago•0 min saved

"Major Retail Chain Shutters Hundreds of Stores, Including Multiple in Greater Cincinnati"

Family Dollar is set to close nearly 1,000 stores across the US, including two locations in the Greater Cincinnati area, with liquidation sales already underway. The company plans to close 600 stores in the first half of 2024 and an additional 370 as store leases expire over the next several years, following a comprehensive review of its store portfolio.

via WKRC TV Cincinnati|

#business #family-dollar #greater-cincinnati

business3 years ago•2 min saved

"Christmas Tree Shops Announces Nationwide Liquidation Sales"

Massachusetts-based Christmas Tree Shops, which filed for Chapter 11 bankruptcy in May, is planning to liquidate all of its stores, including the 15 locations in Massachusetts. The company took out a $45 million bankruptcy loan, but creditors terminated it after defaulting on the terms due to worsening liquidity and revenues. The retail chain, with its roots dating back to the 1950s, began as a summertime Christmas gift shop and later expanded to include summer vacation items. Most of the stores in New England have distinctive architectural styles.

via WCVB Boston|

#bankruptcy #business #christmas-tree-shops

business3 years ago•1 min saved

"Christmas Tree Shops Faces Liquidation, Closing All Stores"

Christmas Tree Shops, a well-known New England store chain, is set to conduct liquidation sales at all of its stores after defaulting on a loan and filing for bankruptcy. The Massachusetts-based chain had taken out a $45 million bankruptcy loan, but creditors terminated it due to worsening liquidity and revenues. Interested parties have the option to object to the going out of business sales by filing a response to the court.

via WMUR Manchester|

#bankruptcy #business #christmas-tree-shops

business3 years ago•2 min saved

Retailers across the country announce closures and liquidation sales.

H&M and Banana Republic are set to close some of their stores in the coming weeks due to changing customer behavior and high inflation. The closures will result in liquidation sales until all inventory is cleared out. Other retailers, including Nordstrom, Bed Bath & Beyond, Tuesday Morning, Walmart, and Target, have also announced store closures due to financial struggles and changing retail trends.

via The US Sun|

#banana-republic #business #handm

business3 years ago•3 min saved

The downfall of Bed Bath & Beyond: Winners and liquidation sales.

Tuesday Morning, a discount home goods chain that filed for bankruptcy in February, has begun liquidation sales across its remaining 464 stores. This comes after Bed Bath & Beyond began closing its 360 remaining stores last week. Both retailers are victims of the "retail apocalypse" gripping the US. Items have been cut by 30 percent as shoppers rush to bag a bargain in sales.

via Daily Mail|

#bankruptcy #bed-bath-and-beyond #business