Dirt Cheap, a discount retailer with more than 60 locations across the Southeast, has filed for bankruptcy and announced the chain will begin closing its stores.
The retailer’s website said the brand is “the largest buyer of insurance claims in the United States,” offering its shoppers “manufacturer and retailer buybacks, closeouts, bankruptcies, overstocks, liquidations, customer returns, and out of season goods.”
According to a Nexstar News report, Jeffrey Martin, who was appointed as the company’s chief restructuring officer last month, blamed Target for Dirt Cheap’s problems by insisting the big-box retailer was “divesting its best returns” to a Dirt Cheap competitor while leaving his brand with lower quality merchandise at a higher price. Dirt Cheap reportedly owes Target’s Salvage Department more than $15.6 million.
Dirt Cheap’s parent company HDC Holdings II LLC also operates Dirt Cheap Building Supplies and Treasure Hunt.
Photo: Dirt Cheap
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