Content about Liquidation

February 8, 2012

A True Value store in Walnut, Calif., a suburb of eastern Los Angeles, has begun its liquidation sale and will close within the next 90 days, according to an article in the San Gabriel Valley Tribune.

Walnut True Value Hardware has been operated by Stuart Tielens, a 64-year-old businessman who eventually succumbed to his customers’ lack of spending from the poor economy and competition from a Home Depot that moved in two years ago.

March 15, 2011

B&C Builders, a 38-year-old lumberyard in Sparks, Nev., is closing on March 31, according to an article in the Reno Gazette Journal

The owners said that a lack of construction has forced them to shutter their doors. The company has about $250,000 to $275,000 worth of inventory, which it may dispose of through a liquidation sale or an auctioneer.

Both owners wanted to get out of the business before they had to declare bankruptcy.

February 4, 2011

Home Depot will close a store in Gentilly, La., according to an article in the Atlanta Journal Constitution. Three other underperforming locations -- in Holland, Mich., and Rocky Mount and Greenville, N.C. -- have also begun liquidation sales, as reported earlier this week in Home Channel News. 

February 2, 2011

Home Depot is closing two of its stores in North Carolina because they are not meeting the company’s financial goals, according to a report by WCTI-TV.  

Stores in Rocky Mount and Greenville have begun liquidation sales, which are expected to last six to eight weeks. A corporate spokesperson said the company is trying to relocate the employees.

March 5, 2008

The hardware store and lumberyard operation will close its four locations in the San Antonio...