American discount store chain Bargain Hunt has launched a going-out-of-business sale at its 92 outlets across ten US states following its Chapter 11 bankruptcy filing on 3 February 2025.
The retailer, which offers diverse products including sports and outdoor equipment, electronics, apparel and home goods, reported assets between $10m to $50m against liabilities estimated between $50m and $100, as reported by Bloomberg.
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Bargain Hunt had been working with Riveron Consulting to navigate its financial difficulties.
Bloomberg initially reported the potential bankruptcy in late January 2024.
Bargain Hunt has initiated a going-out-of-business sale managed by Hilco Consumer – Retail in partnership with Gordon Brothers.
The retailer is offering up to 40% discount storewide at all locations before the closure, expected by the end of February 2025.
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By GlobalDataThe clearance includes apparel, shoes, toys, automotive supplies and home décor. Store fixtures and equipment are also available for purchase.
The discounts are exclusive to in-store transactions.
Returns for items bought before this date will be accepted until 12 February 2025, adhering to the company’s return policy.
Hilco Consumer – Retail CEO Ian Fredericks said: “Stores are stocked, and new merchandise continues to arrive at deeply discounted prices. We recommend shopping immediately for the best selection as this sale won’t last long.”
