A Sale Is Now Underway As Retailer Makes Unexpected Closure

A liquidation sale is now underway as a retailer makes an unexpected closure at one of its major locations, sources report.

A Big Lots located in Leesburg, Virginia, is closing down in just weeks, launching liquidation sales of up to 20%.

The store has yet to announce a final closing date.

The shutting location is located at the Battlefield Shopping Center, 40 minutes northwest of Washington DC.

Shoppers have a limited time to buy from the furniture store, but it’s not clear when the store will shut for good.

An employee reported to The-Sun that there is no final date set.

They also said that discounts are currently set at 10% off most items, with 20% off mattresses.

It is also unclear as to what exactly led this location to close, reports the outlet.

However, this is not the first Big Lots location to shut its doors.

In late 2023, the chain announced three closures.

Locations in New York, North Carolina, and Illinois all locked up for good.

In November, the company said it was “reviewing its store footprint.”

At the time, a representative spoke to Sacramento Business Journal.

Spokesman Josh Chaney told the outlet that “consistent with standard retail practices, we review our store footprint on an ongoing basis to make sure we’re best positioned to successfully serve our customers and our business.”

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Also Read: Famous Retailer Is Now Laying Off 614 People in California

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Market News Today - A Sale Is Now Underway As Retailer Makes Unexpected Closure.
Market News Today – A Sale Is Now Underway As Retailer Makes Unexpected Closure.

A food delivery service is now at high risk of bankruptcy after its business model failed to keep up with its innovative competitors.

Back when it was known as Waitr, the company that later became ASAP became a fast success in the food-delivery space.

The company, which listed on Nasdaq in 2018, offered delivery services in 500 cities across 22 states.

Rebranded as ASAP, the company fell out of compliance with Nasdaq, and despite a short-term covid lockdown comeback, it has struggled for years, reports TheStreet.

Now, the company has officially closed its doors.

Visitors to ASAP’s homepage are greeted with a letter that’s headlined “Goodbye for now.”

“With a heavy heart, we share the news of the closure of our delivery and carryout business,” the company posted.

“After years of dedicated service, we’ve made the tough decision to cease operations.

We write to you today filled with gratitude for your unwavering support and loyalty throughout our journey.”

The former Waitr adopted the ASAP name in 2022 to signal a change in its business model.

“ASAP’s new vision is delivering to consumers, same day, from any type of business,” the company said at the time.

“In preparation for the rebrand, the company accelerated the expansion of its services in recent weeks, signing agreements to launch delivery of a wide variety of items such as alcohol, sporting goods, luxury apparel, auto and electrical parts, and other need it now products.”

Uber, DoorDash and others have also experimented with the model, but it’s also a crowded space with Instacart as the established leader.

It was not a success for ASAP, which on April 1 filed an 8-K with the Securities and Exchange Commission detailing its shutdown and potential next steps.

“On the evening of March 29, 2024, the online ordering services segment of Waitr Holdings Inc. which includes operations related to the company’s technology platform for online ordering, ceased operations with respect to carryout services,” according to the post.

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Also Read: Famous Retailer Is Now Laying Off 614 People in California

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Market News Today - A Sale Is Now Underway As Retailer Makes Unexpected Closure.
Market News Today – A Sale Is Now Underway As Retailer Makes Unexpected Closure.

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