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[7] 21 Z Gallerie locations conducted liquidation sales on October 25, 2023, and all stores shuttered by the end of 2023. [8] On January 19, 2024, Karat Home purchased furniture retailer Z Gallerie out of bankruptcy for $7.2 million and plans to rebuild the business with a goal to open physical Z Gallerie stores in 2025. [1]
With no buyer found after a week, Z Gallerie proceeded to kick off liquidation sales at the remaining 21 locations. [344] Zellers, once a widespread and popular Canadian department store chain, sold its retail leases to Target Canada, which, by 2013, shuttered its Canadian stores. [345] The last two remaining Zellers stores closed on January 26 ...
Gordon Brothers Group is a retail focused investment firm that was founded in 1903 by Jacob Gordon. The firm has made headlines with its acquisition of Polaroid from bankruptcy in 2009 and its subsequent sale to Polish businessman Wiaczeslaw Smolokowski in 2017.
LL Flooring, which was better known for most of its 30 years as Lumber Liquidators, is about to be liquidated after failing to find a buyer. The chain, which has about 200 stores left across the ...
S. Safari Motorcoach Corporation; Samsonite; Santa Fe Station; Saturn Corporation; Saxbys Coffee; Sea Launch; Shane Company; Silicon Graphics; Simmons Bedding Company
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 ]
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