They draw you in with brightly colored signs at street corners, promising discounts of “up to” some very promising number. A record number of retail bankruptcies and store closings mean that there have been a record number of store closing sales so far this year. Yet if you’re looking for actual deals, you should stay away from liquidation and store closing sales. Here’s why. [More]
store closing sale
hhgregg Stores Are Closing After Bankrupt Retailer Can’t Find Buyer
By 4.10.17 — Updated: 5.9.17
Up until 5 P.M. on Friday, appliance retailer hhgregg was waiting for a buyer to swoop in and save it from liquidation. The appliance, electronics, and furniture retailer could find someone to buy its business as a going concern, keeping at least some of its stores open, or it could liquidate and close. Store closing sales began on Saturday. [More]
Wet Seal Will Liquidate And Close 137 Remaining Stores
By 2.8.17
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]
Macy’s Announces 68 Store Closings Across The Country; Here’s The List
By 1.4.17
The holiday season is over, and it’s time for retailers to figure out exactly how terrible the holiday season was. Macy’s, which is still trying to figure out a business model for department stores in general, announced its quarterly results along with a long list of stores across the country that are closing. [More]
NM Politician Spots New, Destroyed Sneakers In Trash At Sports Authority Store Closing Sale
By 7.29.16
Politicians are regular people who do mundane things like check out store-closing sales at national sporting goods retailers. A New Mexico state representative spotted shoes that had been deliberately destroyed tossed in the dumpster outside of a closing Albuquerque Sports Authority store, and was angry that good shoes had deliberately been destroyed. [More]
Sports Authority Hurrying To Close Stores Faster Than Originally Planned
By 7.19.16
When Sports Authority failed to find a buyer for any of its stores that wasn’t a liquidator, the company began its going-out-of-business sales at all of its stores. Back then, the company predicted that the sale would past roughly all summer, meaning that remaining retail employees would have jobs for about that long. Now, the chain reportedly hopes to wrap things up at the end of July. [More]
All That’s Left At The Oldest Remaining Sears Are Fixtures And Khakis
By 7.12.16
The Sears store on Lawrence Avenue in Chicago is winding down operations. That’s a normal part of the retail cycle: when a store is no longer making money, you shut it down. What’s different about this store closure is that the Lawrence location was one of the oldest still-operating Sears department stores, open in that location for 91 years. It survived the Great Depression, but not the era of e-commerce and of Eddie Lampert. [More]
