The Dollar Stores in Washington and Oregon are scheduled to close within the next 10 weeks because their parent company is going out of...
The Dollar Stores in Washington and Oregon are scheduled to close within the next 10 weeks because their parent company is going out of business.
Liquidation Outlet, based in Puyallup, filed for Chapter 11 bankruptcy protection March 25. In the filing, it said it had 2 secured creditors due $1 million and up to 200 unsecured creditors, mostly landlords, suppliers and utilities, owed $6.4 million. Its biggest assets listed were the 38 stores and one warehouse valued at an estimated $12.5 million.
Store employees heard Friday about the liquidation, which has already begun.
Owners Gary and Arlene Woodring couldn’t be reached for comment.
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The going out of business sale is being managed by Hilco Merchant Resources of Illinois.
The stores sold groceries, fresh produce, housewares, gadgets, stationery, toys and seasonal merchandise, according to Hilco.
Dollar Stores in the Puget Sound region include four in Tacoma; two apiece in Seattle, Kent and Bremerton; and one each in Bellingham, Federal Way, Lacey, Lakewood, Marysville, Olympia, Port Angeles, Puyallup, Renton, and Tumwater.
The Tri-City Herald contributed to this report.