Hilco Merchant Resources will manage the store closing process and run retail sales at 74 of 344 National Stores. The specific stores that will close currently operate under the brand name Fallas.
The store closings are the result of the Chapter 11 bankruptcy filed by National Stores on August 6, 2018. As part of the restructuring, management at the retail chain conducted a store rationalization process that resulted in the shutdown of these specific stores.
Ben Nortman, CEO at Hilco Merchant, said, “These stores are well known in the local markets where they have served their communities for years. The sale provides an opportunity for consumers to buy products at compelling discounts and we expect this will be a short sale. Consumers are encouraged to shop early for the best selection.”
Deep discounts will be enacted immediately at the 74 Fallas stores across 18 states and will include deals on items such as furniture and other home goods.
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