PORT ANGELES — The Dollar Store in Port Angeles — the only one on the North Olympic Peninsula — will be among the 37 Dollar Stores in Washington state and Oregon that will go out of business when the remaining stock is sold.
“There is no exact date for certain when any specific store will close,” said Richard Kaye, executive vice president of Hilco Merchant Resources, which is managing the going out of business sale.
“Generally we predict six to 12 weeks.”
Kaye said it will likely be closer to six weeks when the inventory at most Dollar Stores is gone.
The manager of the Dollar Store at 170 Port Angeles Plaza declined to comment Thursday.
Dollar Store’s parent company, Liquidation Outlet Inc., of Puyallup, filed for Chapter11 bankruptcy protection in March.
Hilco Merchant Resources of Northbrook, Ill., released a statement on Tuesday saying discounts are being offered at each store, and that fixtures and equipment are available for sale.
“Shoppers at Dollar Store will save on a huge, diverse inventory featuring more than $13 million worth of groceries, fresh produce, housewares and gadgets, glassware, health and beauty needs, stationery, party items, gift wrap and greeting cards, lawn and garden supplies, toys, giftware, seasonal merchandise and much more,” the statement said.
Employees were told about the liquidation on April 30.
There are 22 Dollar Stores in Western Washington, including two in Bremerton and one in Aberdeen. There are 12 in Eastern Washington and three in Oregon.
“Value-conscious consumers will certainly recognize the broad price reductions as an outstanding savings opportunity,” Hilco President and Chief Executive Officer Michael Keefe said in a prepared statement.
“We don’t expect this exciting sale to last very long.”
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Reporter Rob Ollikainen can be reached at 360-417-3537 or at rob.ollikainen@peninsuladailynews.com.
