Bargain Hunt is preparing to close all 92 of its stores across 10 states, ending its long run as an extreme-value closeout retailer. This decision follows the company’s Chapter 11 bankruptcy filing on February 3.
Key Facts:
- The sale is managed by Hilco Consumer – Retail in partnership with Gordon Brothers.
- The brand listed assets of $10 million to $50 million and liabilities between $50 million and $100 million.
- Stores will close by the end of February 2025.
- Discounts reach up to 40% on items such as apparel, toys, and home decor.
- Bargain Hunt began operations in 2004, serving states across the South and Midwest.
The Rest of The Story:
With its headquarters in Nashville, Bargain Hunt built a reputation for offering heavily discounted goods on everything from clothing to lawn and garden supplies.
Its sudden move to wind down operations has caught many shoppers off-guard.
The going-out-of-business sale features new merchandise arriving regularly at reduced prices.
According to the bankruptcy filing in the U.S. Bankruptcy Court Middle District of Tennessee, the retailer struggled under debts that outweighed its reported assets.
The final store closures are scheduled for late February 2025, giving customers a limited window to take advantage of clearance deals on inventory and even store fixtures.
In a statement, Hilco Consumer – Retail CEO Ian Fredericks said, “Stores are stocked, and new merchandise continues to arrive at deeply discounted prices.”
The company urges shoppers to visit soon for the widest selection before these locations permanently shut down.
Commentary:
The closure of 92 stores is a major development in a competitive retail landscape that has seen more focus on e-commerce and shifting consumer habits.
Traditional brick-and-mortar chains sometimes face challenges adapting to rapid changes in shopping trends.
The brand’s swift downfall also raises questions about the sustainability of physical retail operations in an era of growing online alternatives.
Many families depend on budget-friendly options, so it will be interesting to see if other discount retailers step in to fill the gap.
The Bottom Line:
Bargain Hunt’s complete closure signals the end of a once-popular discount destination.
Customers looking for affordable deals may want to act quickly, as these sales will only be available for a short time.
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