Score Big Savings: Dayton Store Liquidation Sales Present Big Deals
A popular retail chain is set to close its store in Dayton, Ohio.
Christmas Tree Shops (CTS), a home decor, furniture, and discount gift retailer, is set to liquidate and close all its stores nationwide. It filed for Chapter 11 bankruptcy in May to turn around the company, but the move seems unsuccessful, and its 70-year history is set to end.
At the time of the bankruptcy filing, the brand had 82 stores across 20 states and 5,700 employees nationwide. According to Forbes, the “company attributed the bankruptcy to high inflation, recent interest rate hikes and dropping consumer demand for home goods and seasonal decoration.”
The company has since defaulted on a $45 million loan and has begun liquidation sales.
“Unfortunately, circumstances have resulted in the plan really not being able to go forward because quite simply, the debtor doesn’t have the time nor the money to go forward with the plan,” company lawyer, Harold Murphy
Unless a buyer comes in at the last minute to buy the business, the store in Dayton will close in the coming weeks.
A liquidation sale has been launched, offering significant discounts.
Despite the store’s name, it isn’t just Christmas items on sale. They are offering discounts on everything from “furniture to seasonal décor, houseware to gifts, food and drinks to paper and party goods.”
A message on the website states:
“Going Out of Business Sale. All Stores Closing. Up to 50% off!. Entire store on sale”
No official date has been given when the store might close, so customers should be quick to take advantage of the discounts.
2264 Miamisburg Centerville Road, Dayton, OH 45459
Open Monday to Saturday, 9:00 AM – 9:00 PM, and Sunday from 10:00 AM -to 7:00 PM
If you have a gift card to CTS, note they must be used by July 21.
It has been a challenging year for the retail industry, with several retail chains filing for bankruptcy recently, including Bed Bath & Beyond, Tuesday Morning, David’s Bridal, and Party City.
Other major retailers such as Macy’s, Walmart, Sears, Best Buy, GAP, and Walgreens are also closing locations.
Will this store closure affect you? Do you believe the government should offer retail businesses more financial support? Are you concerned about those people who will lose their jobs? Do you fear we could be heading toward a recession?
Please leave your thoughts in the comments below and share this article on social media so more people can join the discussion.