Home Stores Going Out Of Business. Stores closing in 2020: 45. The home of the Blue Light Special first opened under the name Kmart in 1962.. Two-hundred locations are going out of business this year and another 100 will leave. Although this is a huge bummer, there’s at least a small silver lining. Some Pier 1 stores will reopen on May 22 for going-out-of-business sales. You can still return items under the store’s 30-day return policy, as long as they weren’t bought during the going-out-of-business sale. (Those purchases are non-refundable.)
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National Stores has collected many brands over the years, thus likely taking on too much debt. This quite possibly dragged the entire business — all National Stores brands — down into the depths of bankruptcy. Locations today are in open-air or stand-alone shopping centers. Walmart Express stores had been rolling out in urban markets in 2011, and were gone by 2014. Neighborhood Markets took their place, and when they struggled, they went the way of the dodo, too. Simply put, Walmart is trying to figure out what consumers want, and when they fail, they're not afraid to pull the plug, cut their losses, and move on. Retailer Pier 1 said it will go out of business and permanently close all 540 of its stores. The company was unable to find a buyer after filing for bankruptcy.
Home goods retailer Pier 1 said going-out-of-business sales will start as soon as it can temporarily reopen stores shut by the pandemic.
“New merchandise arriving in stores, as well as customers’ favorite familiar brands, are deeply discounted and will sell out quickly at these low prices,” said a spokesperson for the joint. Schurman Fine Papers, which operates 254 stores, including the Papyrus brand as well as the American Greetings and Carlton Card chains, filed for bankruptcy protection on Thursday. One of the most dramatic examples of this principle occurred more than a decade ago, when home specialty chain Linens ’n Things went out of business. Logically, the bulk of its sales should have transferred to its arch competitor Bed Bath & Beyond, with smaller shares going to retailers like Kohl’s, Macy’s and HomeGoods. Stores closing in 2020: 45. The home of the Blue Light Special first opened under the name Kmart in 1962.. Two-hundred locations are going out of business this year and another 100 will leave.
