A handful of retailers have filed for bankruptcy protection since the coronavirus pandemic started.
In most cases, the companies are seeking to restructure their businesses to better position themselves to compete post-coronavirus, rather than to liquidate and fold. But reorganizing doesn’t guarantee success, and the unprecedented pandemic leaves plenty of room for uncertainty.
As J.C. Penney CEO Jill Soltau put it in a recent announcement:
“The Coronavirus (COVID-19) pandemic has created unprecedented challenges for our families, our loved ones, our communities, and our country. As a result, the American retail industry has experienced a profoundly different new reality …”
So, for the following retailers — all of which recently petitioned for bankruptcy protection or are owned by a parent company that filed — it’s possible that their current Memorial Day sales could prove to be their last.
1. Pier 1 Imports
Last week, Pier 1 Imports Inc. announced plans for “an orderly wind-down,” including store closures and asset liquidation. This week, the retailer’s Going Out Of Business Sale is already underway.
Currently, everything is up to 30% off as part of the liquidation sale, with all sales final in stores and online.
Additionally, all outdoor furniture is 40% off through Wednesday.
Other discounts we noticed on Pier 1’s site this morning, with no end date noted, include:
2. J.C. Penney
Like all of the following retailers, J.C. Penney filed for bankruptcy protection to facilitate a reorganization rather than a liquidation.
While no one can predict how that process will pan out for the century-old retailer than was struggling even before the pandemic reached U.S. shore, one thing is clear so far: Seemingly everything is on sale at J.C. Penney today.
As part of the chain’s Memorial Day Home Sale, furniture and mattresses are up to 60% off, and kitchen and dining and bedding and bath items are up to 50% off.
You will also find discounts of as high as 60% on clothing, including:
You’ll even find deals at Sephora Inside J.C. Penney and deals on J.C. Penney salon hair products.
Plus, you can take an extra 30% off many items by using this coupon or entering coupon code DEAL4YOU online.
3. J. Crew
At J. Crew today, code HISUMMER will save you money on seemingly everything. That includes an extra 60% off select sale styles, and either 40% off or 60% off select full-price styles.
4. Neiman Marcus
Hundreds of new arrivals are up to 50% off as part of the Designer Sale.
For regular-price items, use code SUNNYDAY today to take $ 50 off a $ 200 purchase, $ 150 off a $ 500 purchase, or $ 300 of a $ 1,000 purchase.
5. Last Call
At this Neiman Marcus-owned chain, you can save an extra 40% on just about everything today. For clearance items, you can save an extra 60% or 80%.
- Bealls
7. True Religion
During what this trendy apparel retailer is describing as “quite literally the sale of all sales,” you will save an extra 40% to 70% on everything.
How to find cheaper car insurance in minutes
Getting a better deal on car insurance doesn’t have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $ 368 per year, according to the site, so if you’re ready to secure your new rate, get started now.
