Store closing sales have begun at Z Gallerie, which recently declared bankruptcy.
Z Gallerie has begun to wind down its operations.
The furniture and home décor retailer, which recently filed for bankruptcy for the third time, has started closing sales at its 21 stores nationwide. Z Gallerie has hired B. Riley Retail Solutions, a subsidiary of B. Riley Financial, as a retail consultant to conduct the closing event.
All inventory across Z Gallerie stores will be marked down in connection with the closing sale event. Starting discounts of up to 40% will apply across all in-store merchandise, ranging from furniture and lighting to home décor and bedding.
"This is a unique opportunity to buy high-end, quality home décor at deeply discounted prices, said Tim Shilling, executive VP, B. Riley Retail Solutions.
All purchases made during the sale event are final, but returns for items purchased prior to Oct. 24, may be returned with a receipt. Z Gallerie gift cards may be used until Nov. 15, 2023.
The Z Gallerie closing store sale event includes the following locations:
•California (Sherman Oaks, Costa Mesa, Encinitas, Corona, Roseville)
•New York (Garden City); and and Texas (Houston, Plano, Dallas).
In its recent bankruptcy filing, Z Gallerie warned that if it could find a buyer willing to invest in its stores, it would close all its stores and its warehouse by the end of the year.
“Additionally, the debtor also intends to file a motion proposing an efficient, public and flexible auction process in connection with its sales efforts,” the company said in filings. “If the debtor is unable to implement a going-concern transaction, the debtor will turn to an orderly liquidation of its remaining assets, close its stores in the coming months.”
B. Riley Retail Solutions is a leading provider of asset disposition services specializing in large-scale retail liquidations.