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Massive retail chains Throughout the country, it enters the end of its liquidation and selling out of business, including Big Lots, Party City, Joann and Macy’s. Customers Party City and Joann have only a few days to get into a discount, while Big Lots and Macy’s customers will still be able to repair several remaining locations.
Big plot
Big Lots submitted bankruptcy chapters 11 in September, and the company later announced that all its remaining stores would be closed. However, in December 2024, Big Lots reached a contract that would save hundreds of his stores, Axios reported. The seller still has a huge sale, offering a 50-80% discount on the entire store, and his website says: “All stores close”.
The varieties who are running Maxway and Rose Dixpore stores are expected to The name of the Great Lotand two distribution centers according to Axios.
While the varieties of wholesalers will save locations, the status of BIG Lota employee remains in question. The announcement for the public indicates that “wholesalers of the varieties can hire BIG LOTS associates at acquired stores and distribution centers, as well as certain corporate associates needed to support the forward prints.”
Big Lots in Los Angeles, California, USA, Saturday, September 7, 2024. Discount Home Robs Salesman Big Lots Inc. Preparation is being prepared for bankruptcy as early as Sunday, and plans to sell its chain of stores through the court procedure, Accor, Accor, Accor, Accor, Accor, Accor, Accor, Accor, Accor, Accor, Accor, Accor (Eric Thayer / Bloomberg via Getty Images / Getty Images)
Winners of US business and losers 2024. They were presented
Macy’s
In February 2024, Macy’s announced His initiative “Bold New Chapter”, which was called “a strong invitation to action” by the company’s executive, Tony Spring, meant the modernization of the iconic chain of department stores. A little less than a year later, in January 2025, Macy said that 66 “non-shirt” stores would be closed. The company plans to focus on its 350 locations “and beyond”.
“The closure of any trade is never easy, but as part of our brave strategy of the new chapter, we close the stores of sub -productive Macy to allow us to focus our resources and give us a priority of investments in our GO -PO -SRO -SRO stores, where customers already respond positively to a better product offer and an elevated service,” Spring said in January.
Macy started selling approval in January for some locations and February for others, according to Axios. The sale that began in January was to last 8-12 weeks, while those who started in February should last about six weeks.
The buyer enters the party City store in Richmond, California, USA, Thursday, December 26, 2024. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
Lease for nearly 700 locations in a auctioned entertainment city
Party City
Party City announced in December 2024 that he would close all his stores over a year after he first declared bankruptcy. The party seller first declared bankruptcy in January 2023, but managed to get out of bankruptcy in September 2023, however, he filed for Chapter 11 in December 2024 after 40 years of business.
“It is really important for you to know that we did everything we could to try to avoid this outcome,” said Party City CEO Barry Litwin employed during the December call. “Unfortunately, it is necessary to start the wind process immediately.”
In a statement to the public, the company stated that the reason for his decision was followed by the “exhaustive effort” tried to find a way to remain open “in an immensely challenging environment, encouraged by the costs and consumer consumer spending, among other factors.”
The buyer enters the Joann store in El Cerrito, California, USA, on Wednesday, January 8, 2025. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
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Joann
When he entered in the last two weeks of sales, the Party City announced that he had reduced prices by as much as 80%, trying to seduce customers to buy their stock. However, it seems that there is no purchase option on its website.
Joann, the main chain for craft retail, announced in February 2025. His 800 stores will be closed, according to Axios 19,000 employees, Axios reports.
“Since he became a private company in April, the Committee and the Management Board continued to execute the top and bottom -management initiatives,” said temporary director Michael Prenergast in a press release.
The craft retail chain was founded in 1943 and began as a unique trade in Cleveland, Ohio. Joann went public in 1969, and until 1998 he was the largest seller of its kind in the US, Axios reported.
So far, Joann offers up to 50% off its inventory and it seems that you sell items online.
The Coresight Research, a research and advisory company that focuses on retail and technology, provides that as many as 15,000 stores could be closed in the US this year, more than twice the 7,325 US stores closed in 2024, according to a publication statement that spread a business wire.
