(NEXSTAR) – It’s starting to glance so much just like the Christmas Tree Retail outlets are after all going to vanish.
The remainder places of the retail chain are scheduled to near after August 12, consistent with a message posted to the corporate’s web page.
“Don’t omit your final probability to buy at a CTS retailer!” reads the website online, which advertises as much as 80% off the shops’ products within the ultimate days of commercial. “Closing day is August 12!”
Christmas Tree Retail outlets, often referred to as CTS, had already began liquidating the stock in any respect shops after submitting for chapter in Would possibly. On the time, corporate chairman Marc Salkovitz stated the transfer was once “strictly a monetary restructuring,” and claimed the trade’s operations had been “sound.”
Through July, courtroom filings indicated all shops can be ultimate. A press free up issued on July 7 by means of Hilco Service provider Sources liquidation company showed that each one 72 final places would shutter after a “going into bankruptcy sale.”
As of Friday, the store’s web page signifies that simplest 49 places are nonetheless in operation throughout 16 states.
Closing month, consumers additionally started accusing the shop’s control and its liquidation corporate of jacking up costs at the final stock amid its “going into bankruptcy sale,” thereby deceiving consumers who may in a different way suppose they’re getting a deal.
In a single case, a client in Lynnfield, Massachusetts, alleged in a TikTok video that she spotted most of the pieces had two worth stickers — one put on most sensible of the opposite. She then alleged that the outer stickers confirmed considerably upper costs than the stickers beneath, reputedly indicating that probably the most retailer’s merchandise had been in the past offered at extra inexpensive costs.
“Disgrace on you, Christmas Tree Store[s]. Disgrace on you. Marking issues up like that after which taking simplest 10% off,” the TikTok person stated, earlier than claiming “the entirety” within the retailer — except Christmas-themed flooring mats — were marked up.
Commenters on TikTok claimed they spotted the similar pricing discrepancies at Christmas Tree Retail outlets in numerous different states.
A consultant for the Lynnfield location declined to remark at the allegations when contacted by means of Nexstar. A regional supervisor directed all communications to Marc Salkovitz, who didn’t reply to a request for remark.
Christmas Tree Retail outlets recently operates 49 places in Connecticut, Delaware, Indiana, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Vermont and Virginia.
