A surprising retailer in Texas now closes more stores after filing for bankruptcy for the third time now.
Z Gallerie first opened in 1979 in Sherman Oaks, California and currently has 21 stores across the United States.
The retailer once had seven stores in Texas, but now there are just three.
- 818 Town and Country Blvd # 101, Houston, Texas 77024
- 6121 Park Blvd, Plano, Texas 75093
- 5225 Alpha Road, Dallas, Texas 75240
Z Gallerie currently has up to 70% off its items on its website after announcing its permanent closure nationside.
“All stores will run to the end of the year or until they run out of inventory, whatever comes sooner,” the company said in an official statement.
According to the latest bankruptcy filing, the business is running out of cash due to “underperforming retail stores, adverse macroeconomic trends, and industry-specific headwinds.”
The business also filed for bankruptcy in 2009 and 2019 marking its third year in 2023.
“Even though our retail stores are closing, our signature Z Gallerie style is available to you, our valued customers, 24/7 via our online channel so you can continue to get lost in the details and turn your home into a work of art,” the company stated on Instagram.
The liquidation sales are being run by B. Riley Financial in its capacity as a retail consultant in connection with the Chapter 11 bankruptcy of DirectBuy Home Improvement Inc., which is the corporate name for the company that owns Z Gallerie.
Other Economy News Today
Chase transactions are now getting declined in the banks latest painful scandal as customer reports surge on Downdetector.
Several Chase customers have been reporting being unable to make purchases both online and in-person during the Black Friday events and specials happening this past weekend.
Chase reported to customers that the bank was having problems globally, a massive concern for those banking with the giant.
“I’m trying to take advantage of Black Friday deals for multiple items for a golf simulator bar I’m opening soon (TVs, CPUs, graphics cards and such).
Totally unimpressed but have taken screen shots of everything I’ve been declined to purchase due to issues today.
I hope they’ll make it right……otherwise I’m gone after many, many years,” says Pete, a Chase customer.
“Yep, failed to work for America Airline and Amazon Prime and it’s a Prime Card.
This is probably costing retailers hundreds of millions in sales.
I switched used another, but some might only have one option,” said another user on Friday.
“Saw a bunch 10ish $1 debits and credits to my transaction history, while trying to figure out why my card was being declined at AT&T while I paid my T-Mobile bill while waiting on a response from AT&T.
Called Chase and was told I would have to “call back in a few hours they are having global problems right now”.
If she would have said the sky is falling I would feel better,” says Tommy Reames.
Many Chase customers were not able to complete their purchases during Black Friday deals due to the banks technical difficulties.
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