 | This article needs additional citations for
verification. (November 2008) |
| Company type | Private |
|---|---|
| Industry | Discount stores |
| Headquarters | , |
Area served | Eastern and Midwestern United States |
| Website | http://www.nwl.me |
National Wholesale Liquidators is a Brooklyn, New York-based company that operates warehouse-style closeout discount stores. It offers a mix of brand-name items, everyday household items, and furniture. National Wholesale Liquidators carries over 120,000 items. The company also offers appliances, automotive products, bath towels, bedding, carpets and floor covers, detergents and cleaning products, electrical hardware, electronics, food products, furniture outdoor, giftware, health and beauty aids, holiday decorative, and household storage products. In addition, it offers indoor furniture, jewelry, kitchen towels-linens, luggage, men's apparel and fragrances, paint and sundries, paper goods and supplies, personal umbrellas, pet supplies, sporting goods, vacuums and accessories, video games, and women's fragrances.
At its peak, the company operated more than 50 stores in Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, and Washington, D.C. The chain filed for Chapter 11 bankruptcy in November 2008. [1] and, following a bankruptcy court auction, moved to close 35 of its 45 stores in December 2008. The Chapter 11 reorganization was converted to Chapter 7 liquidation on February 26, 2009. Some of NWL's assets were acquired out of bankruptcy by NSC Wholesale Holdings Inc., operated by former NWL executives. [1] As of February 2018, NWL operated 12 retail locations in Massachusetts, New Jersey, New York, and Pennsylvania. [2]
The company filed for bankruptcy again in October 2018 and closed its 11 remaining stores. [3] A group of former managers purchased the name and intellectual property, and opened two stores: its longtime location in Brooklyn and the previous incarnation's location in Philadelphia, Pennsylvania, in a former Kmart, in early 2019. [4] [5] The company opened an additional store on Long Island in Massapequa, NY (a former Toys R Us) in November, 2019.
References
- ^ "National Wholesale Liquidators to re-open 'sometime in April'". Dorchester Reporter. 17 February 2010. Retrieved 31 January 2015.
- ^ "Locations". National Wholesale Liquidators. Retrieved 31 January 2015.
- ^ "National Wholesale Liquidators — a bargain hunter's delight — faces its own liquidation". North Jersey. Retrieved 2019-02-20.
- ^ Alexander, John (2019-03-01). "National Wholesale Liquidators celebrates grand reopening". Brooklyn Reporter. Retrieved 2019-08-02.
- ^ Krum, Logan (2019-04-15). "National Wholesale Liquidators opens in Frankford". Northeast Times. Retrieved 2019-08-02.
External links and further reading
- National Wholesale Liquidators website at nwl.me
- "National Wholesale Liquidators company profile". Business Week. Archived from the original on August 29, 2012.
- "Discount_chain_hit_by_credit_crunch_kiss". New York Daily News. January 20, 2009.
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- Discount stores of the United States
- American companies established in 1984
- Retail companies established in 1984
- Madison Dearborn Partners companies
- Companies based in Nassau County, New York
- Companies that filed for Chapter 11 bankruptcy in 2008
- Companies that filed for Chapter 7 bankruptcy in 2009
- Companies that filed for Chapter 11 bankruptcy in 2018
- Companies that have filed for Chapter 7 bankruptcy
- Retail company stubs