Consumers often believe that their favorite long-standing retail stores will be around forever.
But lately, several long-time retail chains have liquidated or closed massive amounts of their stores in bankruptcies or out-of-court restructurings.
Retail chains close 1,000s of stores
- Rite Aid, 1,274.
- Walgreens 1,200.
- CVS, 1,171.
For instance, bankrupt retail chain Rite Aid was a major player in the drugstore sector for 63 years, but is currently liquidating about 1,274 stores in going-out-of-business sales.
In addition to Rite Aid’s closures, CVS is closing 1,171 stores from 2022-2025, and Walgreens is shutting down 1,200 locations over the next three years.
Related: 63-year-old retailer closing all stores in Chapter 11 bankruptcy
J. Conn Scott closed after 101 years in business
Also, iconic furniture store J. Conn Scott operated its flagship store in Selbeyville, Del., for 101 years, until it revealed on May 29, 2025, that it would begin a liquidation sale.
The company did not state a specific reason for closing the store in a May 29 statement and did not file for bankruptcy.
The century-old furniture retailer, however, will continue operating a second store in Rehoboth, Del., that will remain open as an interior design center.
The furniture retailer was founded in 1924 by James Conn Scott, who launched a furniture store retail operation, inspired by his family’s general store, that was passed down through three generations.
Image source: Shutterstock
Rosso Furniture & Décor closes after 47 years
And now, longtime furniture retailer Rosso Furniture & Décor is shutting down its stores in Morgan Hill and Gilroy, Calif., and liquidating all remaining inventory after 47 years in business.
The Morgan Hill location began its liquidation sale on Aug. 14, while the Gilroy outlet store’s closing sale was already underway.
Rosso Furniture & Décor was founded in San Bernardino, Calif., in the late 1960s by Jaime Rosso Sr., whose sons Anthony and Jaime Jr. would later launch a Rosso store in Gilroy in 1978 and, subsequently, another in Morgan Hill.
The company did not say when the San Bernardino store closed.
Rosso family sold its stores in 2021
The Rosso family sold their Northern California stores to current owner Melissa O’Malley in 2021, a year after the Covid-19 pandemic began, according to an Aug. 12 company statement.
The company said it made a difficult decision to shut down operations permanently due to “ongoing economic challenges.”
Related: Popular jewelry retail chain closing stores, files for bankruptcy
“I’m incredibly proud of what this store has meant to the community,” O’Malley said in a statement. “It has been an honor to help furnish the homes of so many loyal customers.”
The furniture retailer has not filed for bankruptcy.
The retailer did not reveal specific details of its economic challenges, but it’s likely the company faced many of the same problems the furniture retail sector has dealt with.
Those challenges include rising costs of labor and products driven by inflation, increased interest rates, a slowdown in the real estate sector that affected demand, and consumers’ changing attitudes toward retail spending.
The two remaining stores have 70,000 square feet of combined showroom space.
Rosso offers deep discounts in liquidation sale
The company says it is offering deep discounts on all merchandise, including floor clocks and heirloom rugs, in its liquidation sale.
The company’s furniture products feature famous name brands such as American Drew, Aspen, England, Flexsteel, Hammary, Hooker, Howard Miller, Intercon, Kincaid, La-Z-Boy, Leather Italia, Lexington, Pulaski, Southern Motion, Universal, and Winners Only.
Famous name brands at Rosso Furniture & Décor
- American Drew
- Aspen
- England
- Flexsteel
- Hammary
- Hooker
- Howard Miller
- Intercon
- Kincaid
- La-Z-Boy
- Leather Italia
- Lexington
- Pulaski
- Southern Motion
- Universal
- Winners Only
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