Three Windsor Liquidation World Stores To Close As Company Shuts Down
Friday December 6th, 2013
Posted at 9:21pm
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Liquidation World stores in Windsor and across the country are closing their doors.
Big Lots Inc purchased the company in July 2011 with the intention of revitalizing it and using it as a base for bringing the Big Lots brand to customers in Canada.
Company officials say that over the last two years they have not been able to gain the necessary traction in the Canadian marketplace.
The company says “further capital investments and execution risk associated with continuing to pursue a turnaround” would not be in the best interests of the company and their shareholders.
Liquidation World currently operate 73 stores under the ‘Liquidation World’ or ‘LW’ brand names, 5 stores under the ‘Big Lots’ brand name, 2 distribution centers, and an office.
The company intends to begin an “orderly wind-down process” immediately and expects that operations will cease in early 2014.
Liquidation World operates three stores in Windsor — one in South Windsor’s old N&D store — and one in Leamington.
No information on store closing sales or exact dates stores will close has yet been made public.