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Steve & Barry's – "extreme value" retail clothing chain that operated 276 stores in 39 states. Sycamore Shops – an Indianapolis-based women's clothing retailer; spun off from L.S. Ayres; was later forced into bankruptcy and liquidated by early 1996 [68]
In 2010, 2011 and 2012, Inc. named it one of the fastest-growing companies in the nation. [2] In 2012, Merchandize Liquidators doubled its revenues. [3] Merchandize Liquidators 2011 gross sales were $5.4 million and the percentage revenue growth for the four-year period through 2011 was more than 700 percent, according to a report by a leading trade publication. [4]
Another off-price retailer giant in the US, Burlington, owns, as of 2018, more than 600 retail department stores. The retailer offers clothing, footwear, accessories, jewelry, personal hygiene products, toys, deco products with an off-price discount of 65%. Its revenue was 6 billion dollars according 2017 results. [34]
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
In the 1983 film 10 to Midnight, detectives Leo Kessler (Charles Bronson) and McCann (Andrew Stevens) are en route to inform the parents of a murder victim of their daughter's demise when they pass a Pic 'N' Save, next to a Thrifty Drug Store; this location was at 11341 National Boulevard in Los Angeles.
Winners was founded in 1982 in Toronto, and sells off-price brand clothing. Costco entered Canada in 1986. In 1990, the American chain Walmart purchased the Woolco chain in Canada and converted the stores into Walmarts. Dollarama was founded in Quebec in 1992. In 1998, Zellers bought out Kmart Canada, taking over its stores.
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