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I declare...BANKRUPTCY!!!

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  • TheSHAD0W
    replied
    Quoth Irving Patrick Freleigh View Post
    ... I took a look around at the liquidation sales. There were absolutely no deals to be found. Very few people browsing.
    When a company goes to liquidation, their creditors usually turn it over to a company that specializes in liquidation sales. You can usually tell by their big colorful signs. There usually are no good deals at first, it drags out for months, and you'll occasionally luck out if you go later in the sale but it's slim pickings.

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  • morgana
    replied
    The "Everything Must Go!" signs are out at the one closest to me. Not that I've been in there in about three years.

    ETA: Looks like all four in Lincoln are closing. No great loss, IMHO.
    Last edited by morgana; 01-30-2019, 03:24 AM.

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  • Tama
    replied
    Probably not, but they're going to try anyway

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  • Food Lady
    replied
    I read in the paper today that they are going to reorganize. They gained $63 million from the sale of the pharmacies in the stores. I wonder if they can make it.

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  • Nunavut Pants
    replied
    It's only a little south of you. Actually, there are likely some stores that are north of some parts of Canada!

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  • Aria
    replied
    I've never heard of this place in my life but I'm Canadian so not surprising. Congrats on getting out at a good time!

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  • Food Lady
    replied
    Quoth dalesys View Post
    Sh(p)o(o)pko
    Otherwise known as notTarget.

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  • Irving Patrick Freleigh
    replied
    I went there today to get my optical records released. They had me fill out a form and they will be mailed to me.

    The optical people tried to convince me that the optical department will just move to a different building and continue operations, as that is what the company is saying will happen. Yeah no. They don't have money to pay creditors, but they have money to buy or lease a different storefront and renovate it? Sounds like disinformation so the optical people don't just walk out before the final day.

    When that was done I took a look around at the liquidation sales. There were absolutely no deals to be found. Very few people browsing. That was probably the final time I'll ever set foot in there.

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  • Tama
    replied
    I've been trying to guess for years. I had never heard of this place...huh.

    Oh well, not an issue now.

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  • Victory Sabre
    replied
    Quoth Kittykat View Post
    Now that it's closing, what store was the Swamp? lol
    Quoth dalesys View Post
    Sh(p)o(o)pko
    I'm surprised that both of my local ones are staying open. I would have thought the one on the east side of town would close, but it isn't.

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  • Kittykat
    replied
    Now that it's closing, what store was the Swamp? lol

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  • dalesys
    replied
    My dauger worked there 16-18 years ago. She heard they were closing 13 stores here in Utah. On their website's store locator they were listing a store in Sugarhouse that was *demolished* nearly two years ago...

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  • Ghel
    replied
    The local paper's website linked to a list on the Swamp's website listing 105 stores closing in the next few months. Apparently the Swamp nearest me is staying open. I've only been in it once.

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  • Mental_Mouse
    replied
    Quoth dalesys View Post
    Sh(p)o(o)pko
    And as expected, I haven't encountered them (because I'm on the other side of the continent ).

    But I expect I'll be hearing more about them in the next few weeks.

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  • Arcus
    replied
    All 13 stores in my area are shutting down. They started the closing sale on Jan 1st. The one closest to me opened almost 30 years ago, and in all that time the parking lot was no more than 25% full. I have no idea why they kept it open this long. There is no way it was making enough to pay the bills.

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