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Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

Big Lots to Start ‘Going Out of Business’ Sales at Remaining Stores

by Phil Hall | Dec 19, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The discount retailer Big Lots Inc. has announced it will begin going out of business (GOB) sales at all its remaining stores. The company, which declared bankruptcy in September, issued a statement that declared it did not anticipate completing its asset purchase...
Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

Arizona Sandwich Chain Eegee’s Declares Bankruptcy, Closes 5 Eateries

by Phil Hall | Dec 10, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Arizona-based fast-food sandwich chain Eegee’s has filed for Chapter 11 bankruptcy and closed five of its eateries. According to combined media reports, the 53-year-old chain listed both assets and liabilities of between $10 million and $50 million and said it has...
Furniture Retailer American Freight to Shut Down All 328 Stores

Furniture Retailer American Freight to Shut Down All 328 Stores

by Phil Hall | Nov 8, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The furniture chain American Freight is the latest retailer to shut down its operations, with the closing of all 328 stores across 41 states. The store closings are part of Chapter 11 bankruptcy proceedings by Franchise Group Inc., its parent company. Franchise...
True Value Files for Bankruptcy, Sells Business to Hardware Rival

True Value Files for Bankruptcy, Sells Business to Hardware Rival

by Phil Hall | Oct 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

True Value Company LLC announced that it filed for bankruptcy and will sell its business operations to home improvement industry peer Do it Best Corp. The company will continue its day-to-day operations serving 4,500 independently owned retailers, and none of the...
America’s Last Full-Size Kmart Store to Close

America’s Last Full-Size Kmart Store to Close

by Phil Hall | Sep 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The last full-size Kmart operating in the US is scheduled to cease operations on Oct. 20. The New York Post reported the 90,000-square-foot store in the Long Island hamlet of Bridgehampton, New York, opened in 1996 and was part of a chain that encompassed more than...
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