liquidation

Nicholas Eckhart

Family Christian Closing All 240 Stores

After 85 years in business, Family Christian is closing for good, shutting down all 240 of its retail stores. [More]

Phillip Pessar

Wet Seal Will Liquidate And Close 137 Remaining Stores

Attention, fashionable yet casual Consumerists: Get ready to head to your local mall if you’ve ever liked any products from clothing and accessories seller Wet Seal. The company is closing nationwide, which means selling everything from the clothes left on the racks to its office equipment. [More]

Michael Kalus

American Apparel To Liquidate Nine Stores Ahead Of January Auction

Two weeks after American Apparel confirmed it could lay off 3,500 workers as part of its second bankruptcy go-around in two years, the company received approval to liquidate nine stores by the end of the month.  [More]

Nicholas Eckhart

Consignment Deals Don’t Work So Well When Retailers Go Bankrupt

It’s time for retailers to start placing their orders for the items that will be on shelves during this holiday season, but one thing may be different from last year: they may be ordering less merchandise on consignment after millions of dollars’ worth of merchandise was stuck in legal limbo during the bankruptcy of big-box sporting goods retailer Sports Authority. [More]

After Failing To Find A Buyer, Texas-Based Retailer Hastings Closing All Stores

After Failing To Find A Buyer, Texas-Based Retailer Hastings Closing All Stores

A month after filing for bankruptcy and outlining a plan to find a buyer for its 123 stores, Hastings Entertainment announced it will instead close all of its stores and liquidate its assets.  [More]

Texas-Based Retailer Hastings Files For Bankruptcy; Looks To Sell 126 Stores

Texas-Based Retailer Hastings Files For Bankruptcy; Looks To Sell 126 Stores

Following in the footsteps of companies like Blockbuster, Borders, and other retailers that sold or rented books, movies, and video games, Hastings Entertainment is bowing to years of faltering sales, filing for bankruptcy on Monday.  [More]

Nicholas Eckhart

There’s $92.5 Million In Outstanding Sports Authority Gift Cards: Use Yours Before June 28

We have no idea why you would want to buy a gift card to Sports Authority right now. The big-box sports retailer, with 460 stores across the country, filed for bankruptcy earlier this year and is liquidating and closing all of its stores starting on Wednesday. If you did want to buy one, today is the last day, and the stores will stop accepting gift cards on June 26 June 28. [More]

L.A. Boutique Kitson Closing All 17 Stores

L.A. Boutique Kitson Closing All 17 Stores

One of L.A.’s most well-known boutique chains — a relic of the “glory days” of reality TV —  is no longer peddling pricey blouses, pants, and accessories to the semi-famous, with Kitson shutting down all 17 of its stores, and its online business.
[More]

Central Standard Timing Re-Emerges, Plans To Liquidate Or Give Everything Away

Central Standard Timing Re-Emerges, Plans To Liquidate Or Give Everything Away

You may remember Central Standard Timing, the company that raised more than $1 million on Kickstarter to produce neat e-ink watches that look like slap bracelets with digital displays. The team behind the product said that they had simply run out of money to produce the watches, and all they have left are piles of components, technical specifications for assembling the watches, and an amazing plan that didn’t quite work out. [More]

(shimown)

Frederick’s Of Hollywood Will Close One-Third Of Stores

While Frederick’s of Hollywood is a much smaller chain than other recent retail collapses like Delia’s dELiA*s, Wet Seal, and the impending loss of thousands of Radio Shacks, we’re still sad to share the news that about one-third of stores in the lingerie chain will close. While we don’t have the list yet, we do know one store on it: the chain’s flagship store in Hollywood. [More]

(Mike Mozart)

Target Owes Minnesota-Based Businesses $3.8M Over Failed Canadian Stores

Target Corporation isn’t the only company losing money by closing its Canadian division. The retailer owes nearly $3.8 million to more than 60 businesses in Minnesota. [More]

(Nicholas Eckhart)

Teen Clothing Retailer Deb To Liquidate, Close 295 Stores

The end of 2014 and beginning of 2015 have not been kind to teen-oriented retailers. Back in December, we learned that dELiA*s was bANkruPt and starting to liQuid8 its inventory. This week, Wet Seal announced that it will close two-thirds of its stores. Now another mall staple is putting down the store gate for good: Deb is liquidating and closing all 295 of its stores. [More]

Blockbuster Stores Are Having A Wacky Nationwide Liquidation Sale

Blockbuster Stores Are Having A Wacky Nationwide Liquidation Sale

If you’ve always dreamed of owning a giant gumball machine, a movie ticket-shaped “OPEN” sign, or hundreds of empty DVD cases, you’re in luck. While it’s sad that Blockbuster Video locations are finally shutting down, this is a boon to anyone who wants to pay strange prices for the equipment to open their own DVD rental store. [More]

Borders Gets No Love From Bidders, Forced To Liquidate

Borders Gets No Love From Bidders, Forced To Liquidate

Though Borders had received a tentative “stalking horse” bid earlier this month for around $215 million, that deal has since fallen apart and no one else has stepped up to the bidder’s box. Thus, the company has decided to say “aw, screw this,” and liquidate.

[More]

Scenes From A Borders Liquidation Sale

Scenes From A Borders Liquidation Sale

Savvy shoppers know that there aren’t any true deals to be found at the liquidation sales of closing retailers, but most people aren’t savvy shoppers. Employees of doomed Borders stores are sharing their experiences online, and report that their stores are doing record business now that the liquidators have arrived and the garish “store closing” signs are up. Thanks to consumer confusion, business is good at the stores that aren’t closing, either. Who knew bankruptcy was so good for business?

[More]

Don't Rush Into Buying Stuff At Liquidation Sales

Don't Rush Into Buying Stuff At Liquidation Sales

With the news that the Ultimate Electronics chain is to be liquidated, we were reminded of the Circuit City liquidation and the lessons consumers (hopefully) learned from that debacle.

[More]

Time Is Running Out For Chrysler! Bankruptcy "95% Certain"

Time Is Running Out For Chrysler! Bankruptcy "95% Certain"

With a week to go before the deadline runs out on Chrysler’s bailout — it’s looking less and less likely that the automaker will be saved from liquidation.

No Deals: Notorious Cabal To Oversee Ritz Camera Liquidations

No Deals: Notorious Cabal To Oversee Ritz Camera Liquidations

Sorry deal hunters, the liquidation sales starting today at over 300 Ritz Camera locations will be managed by the same cabal of corporate scavengers that oversaw Circuit City’s abysmal liquidation sales.