A home improvement company now makes an unexpected closure, triggering massive sales of up to 70%, sources confirm.
Bassett has 400 locations across the US but its store in Redmond, Washington, 16 miles east of Seattle, is in its final days and is having a liquidation sale.
“Everything is on sale & must be sold,“ the Bassett Facebook page said.
The final phase of sales started on June 14 and included 70% of all rugs and furniture at “sacrifice prices” up to 65%.
Bassett said the sales are a once-in-a-lifetime opportunity to get your hands on cheap furniture.
It has been working to sell off all its furniture since it announced the closing in April.
However, Bassett advertised that there is still a large selection to choose from.
You can contact the store directly for details on prices for specific items.
The owner of the Redmond Bassett franchise, Todd Copitzky, explained it has been a successful run for over two decades.
“As we close the chapter on 24 incredible years, I’m filled with gratitude for the support of our loyal customers and the hard work of our dedicated staff,” Copitzky said in an April press release.
“Our closing sale marks the end of an era, but it also presents an opportunity for our customers to acquire timeless pieces at unprecedented prices.”
The furniture stores hold high-quality brands such as Bassett, Stressless, Tempur-Pedic, Stearns & Foster, Leather Italia, USA Leather, Heckman, and Howard Miller.
However, a shopper replied to a post from Bassett on Facebook and suggested the closure may be due to the company being incapable of keeping up with “top-notch items.”
“Sorry to hear that. That’s top stuff you sell. Maybe that’s why you are closing. People want cheap crap. I sure don’t. Hugs. CK,” the shopper commented.
Many loyal customers are disheartened about the Redmond Bassett’s closure.
“So sad to see this,” one person said.
“I’m sorry to hear this. All the best to the owners and Redmond sales team,” another lamented.
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.
TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.
This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.
The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.
Today, Fridays will welcome in famished diners at its location in Brick for the final time.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.
“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”
Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.
“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.
“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.
Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.
The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.
Also Read: Retirees Will Now Receive More Money For Social Security
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