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Massive retail chains Throughout the country, enter the end of their liquidation and business release sales, including Big Lots, Party City, Joann and Macy’s. Party City and Joann customers have a few days to get the discount, while Big Lots and Macy buyers will always be able to correction in some remaining locations.
Lots
Big Lots filed a bankruptcy file in Chapter 11 in September and the company later announced that all of its remaining stores would close. However, in December 2024, Big Lots concluded an agreement that would save hundreds of its stores, Axios reported. The retailer always organizes a massive sale, offering 50 to 80% on the entire store, and its website says: “All stores close”.
Variety wholesalers, which manages Maxway and Rose reduction stores, should take more than 200 locations, which will operate under the Name of big lotsand two distribution centers according to Axios.
While wholesalers of varieties will save the locations, the status of large lots employees remains in question. A press release on the agreement indicates that “variety wholesalers can use large associated lots in acquired stores and distribution centers, as well as certain business partners necessary to support the traveling imprint”.
A department store in Los Angeles, California, United States, Saturday September 7, 2024. Discount Home Goods Retailer Big Lots Inc. is preparing to deposit bankruptcy on Sunday, and plans to sell its store of stores via a process supervised by the court, Accor Accor (Eric Thayer / Bloomberg via Getty Images / Getty Images)
The winners and the 2024 America losers revealed
Macy
In February 2024, Macy announced His initiative “Bold New Chapter”, which the CEO of the company, Tony Spring, called “a strong call for action” intended to modernize the emblematic chain of department stores. A little less than a year later, in January 2025, Macy’s said that he would close 66 “non -gain” stores. The company plans to focus on its 350 “Go-Forward” locations.
“The closure of any store is never easy, but as part of our daring chapter strategy, we are closing under-productive stores to allow us to concentrate our resources and prioritize investments in our pre-avant stores, where customers already respond positively to better products and high service,” said Spring in a January 2025 declaration.
Macy’s began to execute authorization sales in January for certain places and February for others, according to Axios. Sales that started in January were to last 8 to 12 weeks, while those that started in February were to last about six weeks.
A buyer enters a Party City store in Richmond, California, United States, Thursday, December 26, 2024. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
The leases of nearly 700 locations in the city of the party will be sold at auction
Reveler
Party City announced in December 2024 that it would close all its stores for more than a year after its first bankruptcy. The party provides the retailer declared bankruptcy for the first time in January 2023, but was able to go bankrupt in September 2023. However, he again deposited chapter 11 in December 2024 after 40 years of activity.
“It is really important that you know that we have done everything we could try to avoid this result,” PDG of Party said to the employees during a call in December. “Unfortunately, it is necessary to start a slit process immediately.”
The company declared in a press release that the reason for its decision came after “exhaustive efforts” to try to find a way to remain open “in an extremely difficult environment pulled by inflationary pressures on costs and consumption expenditure, among other factors”.
A customer enters a Joann store in El Cerrito, California, United States, Wednesday, January 8, 2025. (David Paul Morris / Bloomberg via Getty Images / Getty Images)
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Joann
While entering the last two weeks of its sale, Party City announced that it had reduced prices by 80%, trying to attract customers to buy its inventory. However, there does not seem to be any purchase option on your website.
Joann, a large craft retail chain, announced in February 2025 that its 800 stores would close, leaving the 19,000 employees of the unemployed company, according to Axios.
“Since it became a private company in April, the board of directors and the management team have continued to execute initiatives at the top and bottom of the line to manage costs and generate value,” said acting CEO Michael Prendergast, in a press release.
The craft retail chain was founded in 1943 and started as a single showcase in Cleveland, Ohio. Joann became a public in 1969 and in 1998, he was the largest retailer of the genre in the United States, Axios reported.
To date, Joann offers up to 50% reduction in its inventory and seems to sell items online.
CoreSIGHT Research, a research and advice company that focuses on retail and technology, predicts that up to 15,000 stores could close the United States this year, more than double the 7,325 American stores that closed in 2024, according to a press release scattered by Business Wire.
