Bankrupt high-end electronics retailer Tweeter is going away for good says the Boston Globe.
Hudson Capital Partners and Tiger Capital Group are planning to liquidate the merchandise at the company’s 94 stores. Already, Tweeter’s distribution centers and headquarters in Canton are shutting down. Tweeter, which opened its first shop next to Boston University in 1972, will stop its high-end installation services on Nov. 14, said employees at six Massachusetts shops who requested anonymity because they are not authorized to speak on behalf of the company.
The Globe says that stores are currently marking down merchandise by about 10%, and as usual, you can’t count on excellent deals at a liquidation sale.