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“The Company is preparing to commence going out of business (GOB) sales at all remaining Big Lots store locations in the coming days to protect the value of its estate,” Big Lots said in the ...
Last week, Joann began its going-out-of-business sales at the roughly 500 stores that were already set to close. Now, the sales are set to be rolled out across all locations. Now, the sales are ...
In this way, a going-out-of-business sale is much the same as a regular clearance sale. The steepest discounts are on the items in least demand, like out-of-season clothing.
On April 17, 2018, The Bon-Ton announced plans to go out of business after being purchased by two liquidators. [73] Borders, which included its namesake chain, along with Waldenbooks, filed for bankruptcy and closed all of its stores in 2011. [74] Brooks Brothers filed for Chapter 11 bankruptcy in July 2020. [75]
[13] [14] On April 28, 2023, just days after the collapse of Bed Bath & Beyond, Tuesday Morning announced that it would be going out of business and close all 200 remaining locations by July 2023. [15] All Tuesday Morning store locations officially closed and Tuesday Morning began an ecommerce presence in July 2023.
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Let’s look at five big companies that suddenly went out of business, and explore why they tanked so abruptly. Blockbuster Some of us nostalgic for the good old days miss seeing Blockbuster in town.
Why Is JCPenney Closing More Stores? JCPenney filed for bankruptcy back in 2020. Since then, about 240 of its stores have closed. Right now, there’s about 650 locations left in the U.S.