Lehigh Valley’s Christmas Tree Shops outlet is currently holding a massive sale as it prepares to shut down all of its stores. The company managing the sales has announced that the entire store is on sale, with discounts of up to 50% off.
Located at 916 Airport Center Drive in Hanover Township, Lehigh County, the local Christmas Tree Shops store is now offering significant discounts on its inventory. This sale comes just two months after CTS Chairman Marc Salkovitz assured customers that the company’s operations were sound and that a planned restructuring was purely financial. Salkovitz emphasized the company’s commitment to the long-term success of the business.
As is typical for going-out-of-business sales, the Christmas Tree Shops website states that all sales are final, with no returns or adjustments to prior purchases. Additionally, gift cards must be used by July 21. Customers will also have the opportunity to purchase fixtures, furnishings, and equipment from the store.
Contrary to its name, Christmas Tree Shops offers more than just holiday decorations. The store’s inventory includes furniture, gifts, paper goods, food, and various other items.
The chain filed for Chapter 11 bankruptcy protection in May, with the intention of continuing “business as usual.” At the time of the filing, CTS reported having 72 ongoing stores. However, no buyer emerged for the chain, leading to the decision to liquidate all assets.
Handil Holdings, the owner of Christmas Tree Shops, attributed the closure to slowing consumer demand caused by inflation and higher interest rates. Handil acquired the chain from Bed Bath & Beyond in 2020. Interestingly, Bed Bath & Beyond itself announced in April that it would be liquidating all assets.
The final sales at Christmas Tree Shops are being managed by Hilco Merchant Resources, which describes itself as “The world’s pre-eminent authority on maximizing the value of assets for both healthy and distressed companies.”
With the store’s closure imminent, customers are encouraged to take advantage of the ongoing sale to snag some great deals before the Christmas Tree Shops outlet in Lehigh Valley shuts its doors for good.
Sources:
– Christmas Tree Shops
– Hilco Global
What is the reason behind the closure of all Christmas Tree Shops stores in Lehigh Valley?
Lehigh Valley’s Christmas Tree Shops outlet is currently hosting a massive sale as it prepares to shutter all of its stores. The managing company behind the sales has recently announced that the entire inventory is up for grabs at discounts of up to 50%.
Situated at 916 Airport Center Drive in Hanover Township, Lehigh County, the local Christmas Tree Shops store now offers significant markdowns on its merchandise. This sale comes just two months after CTS Chairman Marc Salkovitz reassured customers about the company’s stable operations, highlighting that the planned restructuring was purely a financial measure. Salkovitz emphasized the company’s long-term commitment to success.
In line with typical going-out-of-business sales, the Christmas Tree Shops website informs customers that all sales are final, with no returns or adjustments to prior purchases. Additionally, gift cards must be redeemed by July 21. Customers also have the opportunity to purchase fixtures, furnishings, and store equipment.
Contrary to its name, Christmas Tree Shops offers more than just holiday decorations. The store’s diverse inventory encompasses furniture, gifts, paper goods, food, and an array of other items.
The chain filed for Chapter 11 bankruptcy protection in May, with plans to continue operations as usual. At the time of filing, CTS reported 72 ongoing stores. However, with no buyers stepping forward, the decision was made to liquidate all assets.
Handil Holdings, the owner of Christmas Tree Shops, attributes the closure to a decline in consumer demand due to inflation and higher interest rates. Handil acquired the chain from Bed Bath & Beyond in 2020. Interestingly, Bed Bath & Beyond itself announced in April that it would be liquidating all assets.
The final sales at Christmas Tree Shops are being managed by Hilco Merchant Resources, renowned as “The world’s pre-eminent authority on maximizing the value of assets for both healthy and distressed companies.”
With the store’s closure imminent, customers are encouraged to seize the opportunity and take advantage of the ongoing sale to snag some fantastic deals before the Lehigh Valley Christmas Tree Shops branch closes its doors for good.
“Sad to see another beloved retailer closing its doors. Hoping to snag some great deals at the Christmas Tree Shops Outlet before it’s gone for good.”