Factory Direct

2024 - 2 - 16

Ontario's Factory Direct Announces Store Liquidation Sale

Bankruptcy - Discount Retailers - Economic Challenges - Liquidation - Ontario - Retail Industry

Factory Direct, an Ontario electronics retailer, is set to close all its stores and hold a massive liquidation sale with up to 60% off top-branded products.

Factory Direct, a prominent electronics retailer in Ontario, has recently received approval from an Ontario court to liquidate all its stores as it initiates the process of winding down its business. The chain, known for offering a wide range of electronic gadgets and home goods, including cell phones, TVs, furniture, and kitchen appliances, is now preparing to shut down all its storefronts after filing for bankruptcy earlier this month.

The impending liquidation sale at Factory Direct promises discounts of up to 60% on various top-branded products. This clearance event, with over $10 million worth of merchandise up for grabs, is scheduled to start on Saturday, Feb. 17. Customers are encouraged to take advantage of this unique opportunity to acquire high-quality items at significantly reduced prices.

In light of recent court documents, Factory Direct has expressed its decision to close the 14 stores it operates in Ontario due to the business no longer being considered financially viable. This move marks the end of an era for the discount electronics and home goods retailer as it navigates through the liquidation process to offer customers exceptional deals on its remaining inventory.

Amidst the liquidation sale frenzy, customers across Ontario have the chance to benefit from the discounted prices and explore a wide selection of products ranging from electronics to household items. With the promise of top branded products at liquidation prices, Factory Direct aims to attract throngs of bargain hunters looking to snag quality items at unbeatable rates.

On the side, interesting facts about Factory Direct have emerged, shedding light on the significant impact the retailer has had in the Ontario electronics market. Despite its decision to liquidate, Factory Direct has carved a niche for itself as a go-to destination for affordable electronics and home goods, making it a household name for consumers seeking quality products at discounted rates. The closure of Factory Direct's stores marks the end of an era for the retailer but leaves behind a legacy of providing customers with top-tier merchandise at affordable prices.

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Image courtesy of "Globalnews.ca"

'No longer viable': Factory Direct to liquidate stores (Globalnews.ca)

An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business.

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Image courtesy of "CHCH News"

'No longer viable': Electronics retailer Factory Direct to liquidate stores (CHCH News)

An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business.

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Image courtesy of "blogTO"

Factory Direct is closing all of its stores and having a giant ... (blogTO)

Ontario electronics retailer Factory Direct is preparing to shut down all of its storefronts after filing for bankruptcy this month. The chain, whi...

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Image courtesy of "Curiocity"

This store is having a liquidation sale across Ontario with up to 60% off (Curiocity)

If you've been in the market for a cell phone, TV, furniture or even kitchen appliances, then how does up to 60% off sound? The Factory Direct liquidation ...

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Image courtesy of "Toronto.com"

'Top branded products at liquidation prices': Discount retailer ... (Toronto.com)

A liquidation sale with more than $10 million worth of merchandise begins Saturday, Feb. 17. โ€œThis is a unique opportunity for customers to get the top branded ...

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Image courtesy of "CBC.ca"

Ontario electronics retailer Factory Direct to liquidate stores | CBC ... (CBC.ca)

Court documents show the discount electronics and home goods retailer wanted to close its 14 stores in the province because it has found the business is "no ...

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Image courtesy of "yorkregion.com"

'Top branded products at liquidation prices': Discount retailer ... (yorkregion.com)

A liquidation sale with more than $10 million worth of merchandise begins Saturday, Feb. 17. โ€œThis is a unique opportunity for customers to get the top branded ...

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Image courtesy of "Toronto Star"

'No longer viable': Ontario electronics retailer Factory Direct to ... (Toronto Star)

Factory Direct says it has experienced declining sales and increased costs that led to operating losses of about $1.7 million in the 11-month period ended ...

'No longer viable': Ontario electronics retailer Factory Direct to ... (TheSpec.com)

TORONTO - An Ontario court has given Factory Direct permission to liquidate its stores as it begins winding down the business.

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Image courtesy of "TheRecord.com"

'Top branded products at liquidation prices': Discount retailer FactoryDirect.ca closing all locations (TheRecord.com)

Decades-old Vaughan-based discount retailer FactoryDirect.ca, also known as Factory Direct, is closing all of its 14 locations. A liquidation sale with more than $10 million worth of merchandise is scheduled to begin on Saturday, Feb. 17.

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