LW Stores

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LW Stores, Inc.
Former type Subsidiary
Industry Retail
Fate Big Lots closing all stores; poor sales
Founded Calgary, Alberta, Canada (October 1986)
Defunct February 2014
Headquarters Brantford, Ontario, Canada
Number of locations 88 (July 2011)[1]
Key people Joe Cooper (President)
Products Furniture, Food, Luggage, Clothing, Housewares, Sporting Goods, Hardware and Health & Beauty
Employees 1,200[2][broken citation]
Parent Big Lots

LW Stores, Inc. was a retailer that liquidated consumer merchandise through 94 outlets across Canada and three outlets in the United States. The retailer also provided store-closure sales management and solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers and other organizations. LW Stores, Inc. was known as Liquidation World, Inc. until 2010. The chain has stores in the Canadian provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. It has been a subsidiary of Big Lots since 2011.[1]

History[edit]

Logo used when the company was known as Liquidation World

LW Stores was founded as Liquidation World in 1986 with the opening of its first store, at 3900 29 St NE, in northeast Calgary, Alberta, Canada. The chain has since grown to be the largest liquidator in Canada, with more than 1,200 employees in outlets and offices across Canada. The company began operating stores in the United States in the early 1990s. Most U.S. stores were opened in sold to Liquidation World from bankrupt retailers, most notably Ernst Home Centers, in which several former Ernst stores were acquired by the chain in the late 1990s. By 2007, the company shut all but three of its U.S. stores due to declining sales. The final American store, located in Spokane, Washington, was closed in April 2010 after fifteen years in business.[3]

In December 2013, Big Lots announced it will be closing all LW and Big Lots stores in Canada to focus on its American division.[4] By February 2014, all Canadian Big Lots and LW Stores were closed.

See also[edit]

References[edit]

  1. ^ a b "Big Lots Reports Second Quarter Sales Results]". Big Lots. August 4, 2011. Retrieved 2012-01-17. 
  2. ^ "Company Profile for Liquidation World Inc (CA;LQW)". Retrieved 2008-10-14. 
  3. ^ Sowa, Tom (February 10, 2010). "In brief: Liquidation World closing its doors". The Spokesman-Review (Cowles Publishing Company). Retrieved 2012-01-17. 
  4. ^ [1]