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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.
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 ...
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The Chapter 11 reorganization was converted to Chapter 7 liquidation on February 26, 2009. Some of NWL's assets were acquired out of bankruptcy by NSC Wholesale Holdings Inc., operated by former NWL executives. [1] As of February 2018, NWL operated 12 retail locations in Massachusetts, New Jersey, New York, and Pennsylvania. [2]
LL Flooring, a specialty flooring company formerly known as Lumber Liquidators, is holding closing sales at 94 retail locations across the U.S. after it filed Sunday for Chapter 11 bankruptcy in ...
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 ]
Levitz Furniture store during liquidation sale, December 2007. Levitz was accused of having been poorly run for more than a decade starting in the 1990s. It declared Chapter 11 bankruptcy twice during the period, in 1997 and again in 2005, both times emerging after a corporate restructuring and the participation of new outside backers. [3]
Big Lots Stores, Inc. (stylized as Big Lots!) is an American discount retail chain, specializing in the sale of closeout and overstock merchandise. Founded in 1967 as Consolidated Stores, the chain is headquartered in Columbus, Ohio, and includes over 900 locations across the United States.
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