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Liquidation Sales

Business
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores
Big Lots To Begin 'Going Out Of Business' Sales At Nearly 1,000 Remaining Stores Big Lots has announced plans to close all of its remaining 963 stores, initiating "going out of business" sales following its Chapter 11 bankruptcy filing in September. The company says it's started the process of closing stores in 48 states and liquidating inventory under its court-supervised Chapter 11 bankruptcy proceedings.  The decision comes as the retailer seeks to maximize value for stakeholders while exploring potential going-concern sale opportunities. "We all have worked extremely hard and have taken every step to complete a going concern sale," Big Lots' President and Chie…

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by Joe Lombardi
Real Estate
NJ Bed Bath & Beyond Store Among Dozens Closing NJ Bed Bath & Beyond Store Among Dozens Closing
NJ Bed Bath & Beyond Store Among Dozens Closing Nearly 40 more Bed Bath & Beyond stores will be closing in February, according to a new report from USA Today. Among them, one in New Jersey. Liquidation sales are underway at the 37 stores, including the one on River Road in Edgewater, the outlet says. Last June, the company announced it would be closing 200 stores over the next two years. Locations in Jersey City, Howell, and Rockaway were some of the first to go. Click here for more from USA Today.

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by Cecilia Levine
Business
Papyrus Closing All Stores In National Liquidation Including 5 In North Jersey Papyrus Closing All Stores In National Liquidation Including 5 In North Jersey
Papyrus Closing All Stores In National Liquidation Including 5 In North Jersey Papyrus stores in Bergen, Hudson, Essex and Morris counties will soon shut their doors permanently, recent reports say. The stationery retailer recently announced the closure of each of its more than 260 locations, eight of which are in New Jersey. The North Jersey stores shuttering are located in Jersey City, Hackensack, Short Hills, Paramus and Ridgewood. Papyrus is just one of many national chains to be impacted by the "retail apocalypse," citing "current challenges of the retail industry" as the reason for the closures, NJ.com says. Though no closing dates have been announc…

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by Valerie Musson