News Summary
Bargain Hunt has started going-out-of-business sales across its 95 locations following a Chapter 11 bankruptcy filing. The significant liquidation event offers discounts of up to 40%. Customers in 10 states are encouraged to visit their local stores before final closures expected by February 2025. Sales are final after January 30, and gift cards will be honored until February 12. This move raises concerns about the impact on other retail chains in a challenging economic environment.
Bargain Hunt has officially initiated going-out-of-business sales across all its locations following a recent bankruptcy filing. The announcement, made on February 5, marks a significant shift for the discount retail chain, as it begins to liquidate inventory at its 95 locations spanning across 10 states. This includes states such as Alabama, Arkansas, Georgia, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee, and Indiana.
The closing sales will commence immediately, with the final closures expected to take place by February 2025. All stores are offering discounts of up to 40% off the lowest ticketed prices storewide, providing a significant incentive for shoppers eager to take advantage of the sales.
Shoppers should note that sales are final for all purchases made on or after January 30. Returns for applicable purchases will be accepted until February 12, after which all return policies will be voided. Additionally, gift cards will still be honored until February 12. The liquidation sales will also include store fixtures and equipment for sale.
Details on Locations Affected
In Alabama, all 10 locations will close, including shops in Cullman, Decatur, Florence, Gadsden, Hoover, Irondale, Montgomery, Opelika, Pell City, and Sylacauga. Each store will participate in the going-out-of-business sales, offering substantial discounts on merchandise as they seek to clear out inventory.
Bankruptcy Filing and Management
Bargain Hunt’s bankruptcy filing was made under Chapter 11 in the Middle District of Tennessee. This type of bankruptcy typically allows businesses to continue operations while reorganizing their debts and finances. The company is being managed in this process by Gordon Brothers and Hilco Consumer – Retail.
Impact on Other Retail Chains
The recent closure of Bargain Hunt locations has raised concerns about potential repercussions throughout the retail sector, particularly for other chains such as Big Lots and Party City. The ongoing trend of store closures across the United States may pose challenges for competing retailers as they navigate similar economic pressures.
Conclusion
With Bargain Hunt closing its doors for good, customers in the affected states are urged to visit their local stores as soon as possible to secure the best deals during this limited-time liquidation event. As the going-out-of-business sales proceed, supplies may become limited, making early arrival advantageous for consumers looking to capture substantial savings.
Deeper Dive: News & Info About This Topic
- Montgomery Advertiser
- USA Today
- AL.com
- Hville Blast
- Newsweek
- Wikipedia: Bargain Hunt
- Google Search: Bargain Hunt closing
- Google Scholar: Bargain Hunt
- Encyclopedia Britannica: Bargain Hunt
- Google News: Bargain Hunt Bankruptcy
Author: STAFF HERE BIRMINGHAM WRITER
The BIRMINGHAM STAFF WRITER represents the experienced team at HEREBirmingham.com, your go-to source for actionable local news and information in Birmingham, Jefferson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Sidewalk Film Festival, Sloss Music & Arts Festival, Magic City Classic, and civil rights commemorations. Our coverage extends to key organizations like the Birmingham Business Alliance and the Birmingham Civil Rights Institute, plus leading businesses in healthcare, finance, and manufacturing that power the local economy such as UAB Medicine, Regions Bank, and Encompass Health. As part of the broader HERE network, including HEREHuntsville.com, we provide comprehensive, credible insights into Alabama's dynamic landscape.
