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Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers.
The company was founded as D2:Discounts Direct in May 5, 1997 by Robert Brazell. The company went bankrupt in 1999. Patrick M. Byrne and Jason Lindsey acquired the company and renamed it as Overstock.com. [6] The company initially sold exclusively surplus and returned merchandise on an online e-commerce marketplace, liquidating the inventories of at least 18 failed dot-com companies at below ...
An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock , closeout , returned , factory seconds , or lower-quality versions manufactured ...
Liquidation sales began on November 5, with stores closing by the end of the year. [25] However, in January 2025, a U.S. bankruptcy judge approved the sale of up to 28 American Freight stores and one distribution center to AF Newco I LLC. 2 additional locations were also included in the sale, but were eventually withheld due to possible state ...
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Three years later, Lumber Liquidators paid $36 million to settle class-action lawsuits brought by customers who bought the laminate between 2009 and 2015. The company did not admit wrongdoing in ...
The company said it will keep open more than 300 stores across the U.S. and its online platform as it seeks a sale of its business. LL Flooring, formerly known as Lumber Liquidators, files for ...
The liquidation sales expanded to 184 Fallas and Factory 2-U stores starting in October 2018. [217] Neiman Marcus announced plans in September 2017 to close 25% of its Last Call outlet stores [218] and would later shutter all but five of its Last Call stores in 2020. [219] On April 19, 2020, Neiman Marcus announced that it would file for ...