Latest news with #liquidationsale
Daily Mail
03-07-2025
- Business
- Daily Mail
Trees n Trends to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse . The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers , and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward . Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June .
Daily Mail
03-07-2025
- Business
- Daily Mail
Beloved family-owned home decor chain decides to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse. The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers, and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. The Wallace family revealed the stores will close as soon as all products are sold Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. All sales are final and can only be purchased with cash or card Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward. Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June.
New York Times
07-06-2025
- Business
- New York Times
Will Hudson's Bay's 355-Year-Old Charter Go to the Highest Bidder?
The end came a little bit early for the sprawling Hudson's Bay Company store in downtown Ottawa on Sunday when the oldest company in North America stopped trading after 355 years. At about 5 o'clock, I watched as the doors were locked about an hour ahead of schedule. There was little point in holding out for the final hour. Aside from heavily discounted jewelry, which was brought in for the liquidation sale, there was almost no merchandise left on the store's five remaining sales floors. Earlier in the day, the leftovers had been priced at $1. [Read: A 355-Year-Old Company That Once Owned One-Third of Canada Is Shutting Down] The shoppers left inside after the doors had been locked consisted of a long line of jewelry buyers and a handful of people dithering about whether they really needed a mannequin or a store fixture. My grandmother had a career selling women's 'foundation garments' at a department store (not the Bay), and before university, I sold cameras at a Simpsons store that was later absorbed into Hudson's Bay. So I found it a melancholy scene. But there was still some final levity. To the amusement of two plainclothes security guards — people once called floorwalkers — among the people rapping on the doors to be let in for a final visit was a woman they described as a 'frequent flier,' a recidivist shoplifter. Want all of The Times? Subscribe.
CTV News
01-06-2025
- Business
- CTV News
Shoppers grab final deals as Hudson's Bay officially closes its doors in Ottawa
The Hudson's Bay location on Rideau Centre on its last day of operation on Sunday, June 1, 2025. (Natalie van Rooy/CTV News Ottawa) Hudson's Bay has closed its doors in Ottawa after the company's retail stores held liquidation sales nationwide all weekend. There was a steady stream of shoppers at the stores where even the mannequins and sale racks were up for sale. Signs posted outside the Rideau Centre location said 'Everything 90% off.' 'Oh, tears are coming. I hope they leave the building alone,' said Linda Bridge, who was shopping on Sunday. On the store's final day, Bridge picked up some deals. 'I couldn't believe this. I bought a sweater that was $350 for $12,' she said. 'Everything else was a dollar or $2.' The Canadian retail icon is winding down operations nationwide and has filed a court motion stating its terminating more than 8,000 employees. In court documents, Hudson's Bay blames the move on lower downtown store traffic, the COVID-19 pandemic, and the ongoing trade war between the U.S. and Canada. It's the end of an era for the Rideau Street location, which has a long history in the nation's capital. 'We've actually gone in three times,' said Cindy Lentz, who was shopping at the Rideau Street location. 'I bought a whole bunch of dog collars and leashes for like $0.39, and I'm going to take them to the Dominican Republic for stray dogs and cats because we are going there soon.' While many were picking up some solid deals, others were feeling nostalgic. 'So many people will remember when they were young shopping with their families at the Bay, whether it was Bayshore, St. Laurent, or down on Rideau Street,' said Ben Weiss with the Historical Society of Ottawa. 'Many will remember getting their first suit for their first job interview with the Bay and it's that kind of iconic retail location.'
