DOZENS of Dirt Cheap discount stores are set to close by the end of the year after bosses filed for bankruptcy.
Sales are already underway, meaning customers can grab a bargain.
Dirt Cheap bosses are already advertising sales[/caption]
Owners of the chain’s parent company filed for bankruptcy on October 10, and it means that the future of the chain’s 60-plus outlets are now in jeopardy.
It’s not known exactly when the stores will close but it’s thought it could be by the end of the year, according to The Daily Leader.
The chain has a presence across the southern United States, including in Alabama, Florida, Georgia and Texas.
All nine of the company’s stores in Louisiana are to go to the wall.
Dirt Cheap has been part of the American retail scene for more than 30 years.
One store near the company’s headquarters in Hattiesburg, Mississippi, is already holding a closing-down sale, as reported by Nexstar.
An outlet in Greenwood, Mississippi, is holding a discount sale.
Prices of items in the entire store have been cut by between 70 and 90%.
Shoppers can pick up clothes and shoes for less than $5.
Sales have been advertised on the company’s Facebook page.
Bargain hunters can pick up luxury apparel for just $10, while luxury footwear is on sale for $15.
Shoppers can get home improvement items that have been cut by up to 70%.
Bosses at Channel Control Merchants, the parent company of Dirt Cheap, revealed the chain had been experiencing financial headwinds.
Jeffrey Martin, who was recently appointed as the company’s chief restructuring officer, seemed to blame competition from major retailers, as reported by The Daily Journal.
Shoppers have shared their reaction to the slew of pending closures.
“I hate this! I love shopping at Dirt Cheap,” one customer mourned.
“Use to be my favorite place to go searching for a deal,” another said.
Fans of the discount retailer said they were heartbroken after hearing the news.
Dirt Cheap stores sell items that were returned to major retailers such as Target and Macy’s.
Also, the prices of items are slashed, making them attractive to shoppers.
