Two major discount chains are going out of business. Here are Miami, Broward closings
Update: Big Lots announced it may be able to keep hundreds of its stores open after executing a strategic sale transaction with a Boston asset management firm. The announcement, on Dec. 27, 2024, did not say which stores may remain. “We are working with the buyer and other parties to determine which stores may remain open,” the chain said in a statement on Jan. 8.
Two major discount chains announced within days that they are shutting down all of their stores.
Party City, a New Jersey-based chain founded in 1986 that sold costumes, balloons, and decorations — and earned its nickname “Halloween Costume Warehouse” — filed for Chapter 11 bankruptcy for the second time in two years on Dec. 21, USA Today reported.
Party City plans to put its assets up for bidding and sell off its inventory as it shutters about 750 stores nationwide. Reports put Feb. 28 as the final day its stores will remain open.
“Customers are encouraged to shop now for everything ranging from birthday party supplies to decorations for the holidays and New Year’s Eve while the selection is best,” Party City said in news release.
On Dec. 19, Big Lots announced it was closing all of its stores after filing Chapter 11 in September and shutting down about 400 of its stores, including six in South Florida from Miami Lakes to Boca Raton.
Big Lots, a discount home good retailer founded in Ohio in 1967 as Consolidated Stores, began “going out of business” sales over the weekend, USA Today reported. Most goods, which include closeout and overstock merchandise from other stores like furnishings, rugs and appliances, are marked down by 25%. Christmas decor, for what will be the chain’s last Christmas, is marked down at 50%, according to Yahoo News. Big Lots is looking at a March end date.
“We all have worked extremely hard and have taken every step to complete a going concern sale,” Bruce Thorn, Big Lots’ president and chief executive officer, said in a statement. “While we remain hopeful that we can close an alternative going concern transaction, in order to protect the value of the Big Lots estate, we have made the difficult decision to begin the [going out of business] process.”
All stores means that remaining stores in South Florida for both Big Lots and Party City are shuttering.
Here’s a breakdown on the closings in South Florida:
Big Lots
These are the Big Lots stores that were still open in Miami and Broward communities on Christmas week that will soon close.
▪ Concord Shopping Plaza, 11247 SW 40th St. (Bird Road) in West Miami-Dade.
▪ Big Lots Plaza, 7930 Pines Blvd., Pembroke Pines.
▪ Fort Lauderdale, 1003 W. State Road 84.
▪ Coral Square Promenade, 725 N. University Dr., Coral Springs.
Party City
Party City has more than 60 stores in Florida with about 20 of them in South Florida. Here are the currently open stores in the Miami and Broward area. Visit the Party City store locator for a complete list at stores.partycity.com/us.
MIAMI-DADE
▪ The Shops at Midtown Miami, 3401 N. Miami Ave. Suite 126.
▪ South Miami Shopping Center, 6272 S. Dixie Hwy.
▪ Westchester Shopping Center, 8651 SW 24th St.
▪ Palm Springs Mile, 775 W. 49 St., Hialeah.
▪ Bed, Bath & Beyond Plaza, 10650 NW 19 St. International Plaza.
▪ Avanti Center, 15947 Biscayne Blvd.
▪ Colonial Palms Plaza, 13615 South Dixie Hwy., Palmetto Bay.
▪ Las Americas V Shopping Center, 11865 SW 26 St.
▪ Town Center Aventura, 18861 Biscayne Blvd., Aventura.
▪ Country Club Plaza, 18452-18538 NW 67 Ave., Miami Gardens.
▪ Kendall Lakes Plaza, 13865 SW 88 St., Kendall
▪ Allapattah 1 Shopping Center, 20831 South Dixie Hwy.
▪ Homestead Town Square, 911 N. Homestead Blvd.
▪ London Square, 13550 SW 120 St.
BROWARD
▪ Crossroads Square, 220 University Dr., Pembroke Pines.
▪ Cobblestone Plaza, 14804 Pines Blvd., Pembroke Pines.
▪ Oakwood Plaza, 3911 Oakwood Blvd., Hollywood.
▪ Tower Shops, 2134 S. University Dr., Davie.
▪ Sawgrass Square, 12540 W. Sunrise Blvd., Sunrise.
▪ Northridge Shopping Center, 843 E. Commercial Blvd., Oakland Park.
This story was originally published December 23, 2024 at 12:54 PM.
