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A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
Century 21 closed all of its locations by Sunday, December 6, 2020. [21] On February 25, 2021, Century 21 announced it would resume operations sometime in 2021. [22] In 2022, Century 21 surrendered its original Bay Ridge location. [23] In May 2022, Century 21 announced it would reopen the lower Manhattan store in the spring of 2023. [24]
F. C. Nash & Co. – Nash's (Pasadena), at one time had 5 stores in downtown locations in neighboring small cities during the 1950s and 1960s, founded in 1889 as a grocery store, became a department store in 1921, branch stores were unable to compete with larger chains opening in malls built in the late 1960s and early 1970s and had to be ...
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On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992
The store was owned in the early 20th century by Edgar J. Kaufmann, patron of the famous Fallingwater house. In the post-war years, the store became a regional chain in the eastern United States, and was last owned by Federated Department Stores. At the height of its existence, it had some 59 stores in 5 states.
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