A STAPLE furniture chain will close its remaining locations – and going out of business sales are just getting started.
Texas retailer Louis Shanks Furniture announced that it is closing its last two stores in the Lonestar State.
The furniture store is going out of business after nearly 78 years.
The last two locations in located in Austin and San Antonio.
Louis Shank’s sale began earlier this week, and all items need to be liquidated.
Louis Shanks is currently advertising sales of up to 30 percent on accessories.
Yet, liquidation sales tend to increase dramatically as the final days approach.
Louis Shanks has not given an exact date when both stores will close for good, only committing to closing once the liquidation is complete.
Both stores have a combined 200,000 square feet of merchandise that need to be sold off.
The liquidation is being managed by an outside company, Planned Furniture Promotions (PFP).
“This is a celebration of their decades of excellence and an extraordinary opportunity for consumers in the Austin and San Antonio areas to experience the legacy of Louis Shanks Furniture one last time,” Tom Liddell, senior vice president at PFP told Furniture Today.
“This marks the end of an era, and we at PFP are thrilled they have entrusted us with this pivotal project,” he continued.
Shoppers can learn more about the sale here.
MORE CLOSING SALES
Louis Shanks is just one retailer closing soon and offering big sales.
The last Kmart in New Jersey will close for good on September 30.
The Westwood location has sales of up to 80 percent off.
At its peak, Kmart had roughly 2,000 stores nationwide.
But, the store has been in bankruptcy since 2018 and has closed hundreds of locations.
After September 30, only two Kmart locations will remain.
One is in Miami, Florida, and the other is in Long Island, New York.
Many stores, big and small, have struggled lately.
A party store giant is fighting to stay alive through its own bankruptcy.
And a struggling pharmacy chain is continuing to close many locations.