event City is going out of business nationwide: view packed list of store closures
event City is going out of business nationwide: view packed list of store closures
recent Jersey-based event City is going out of business after the retailer filed for Chapter 11 insolvency.
The filing was done early Saturday in the U.S. insolvency Court for the Southern District of Texas. event City has already emerged from a previous insolvency last year with about $1 billion less in obligation.
The corporation will put its assets up for bidding or, if there’s no sale, “initiate store closing sales to liquidate all of the event City throng Companies’ retail and wholesale inventory and locations,” according to the filing.
Like many other retailers, event City marked down prices in September – on more than 2,000 items by an average of 20% – to attract skittish customers and drive sales.
event City CEO Barry Litwin told corporate employees in a conference Friday that event City is “winding down” operations immediately and that today will be their last day of employment, CNN reported.
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event City stores closing
Search the database below to discover the list of event City store locations in your city or state, according to the corporation’s website.
Fernando Cervantes Jr. is a trending information reporter for USA TODAY. Reach him at [email protected] and pursue him on X @fern_cerv_.
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