An interesting article from ABC 15 in Phoenix notes liquidation sales aren't always a great deal. The sales are often conducted by a liquidator, not the original retail store; as a result, prices are reset to new profit expectations. Discounts are off manufacturer's retail price or even specially marked up prices, rather than the previous retail price. ABC 15's investigators found items at Linens 'n Things priced 12% above their original level and Circuit City TVs $200 more expensive than at Best Buy. Caveat emptor.
liquidation: November 2008 Archives
Retailer BTWW is beginning liquidation of all its stores. BTWW, which operates apparel stores in the midwest and west such as Western Warehouse and Boot Town, filed for bankruptcy earlier in the month, and hopes to use the holiday season to clear out inventory. BTWW had poorly performing stores, significant debt and failed attempts at restructuring before succumbing to its bankruptcy filing. The company was established in 1975.
Audio-visual specialist Tweeter is closing all its stores. The company was reportedly sold to a liquidation specialist last week and closed its distribution centers. The company has been in decline for several years but still has more than 100 stores.
