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LW Stores, Inc. was a retailer that liquidated consumer merchandise through 94 outlets across Canada and three in the United States. The retailer also provided store-closure sales management and solved asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers and other organizations. LW Stores, Inc. was known as Liquidation World, Inc. until 2010. The chain had stores in the Canadian provinces of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. It was a subsidiary of Big Lots from 2011 until its closing in 2014.
LW Stores was founded as Liquidation World in 1986 with the opening of its first store, at 3900 29 St NE, in northeast Calgary, Alberta, Canada. The chain had grown to be the largest liquidator in Canada, with more than 1,200 employees in outlets and offices across Canada. The company began operating stores in the United States in the early 1990s. Most U.S. stores were opened in sold-to bankrupt retailers, most notably
History
LW Stores was founded as Liquidation World in 1986 with the opening of its first store, at 3900 29 St NE, in northeast Calgary, Alberta, Canada. The chain had grown to be the largest liquidator in Canada, with more than 1,200 employees in outlets and offices across Canada. The company began operating stores in the United States in the early 1990s. Most U.S. stores were opened in sold-to bankrupt retailers, most notably Ernst Home Centers
Ernst Home Centers, Inc. was a chain of home improvement retail stores founded in Seattle, Washington, United States. Ernst was started in 1893 by Seattle brothers Charles and Fred Ernst and in 1960 became a division of Pay 'n Save, one of the la ...
, in which several former Ernst stores were acquired by the chain in the late 1990s. By 2007, the company had shuttered all but three of its U.S. stores due to declining sales. The final American store, located in Spokane, Washington, was closed in April 2010 after fifteen years in business.
In December 2013, Big Lots announced it was closing all LW and Big Lots stores in Canada to focus on its American division. By February 2014, all Canadian Big Lots and LW Stores were closed.
See also
* List of Canadian department storesReferences
Furniture retailers of Canada Discount stores of Canada Companies based in Ontario Brantford Defunct retail companies of Canada Retail companies established in 1986 Companies disestablished in 2014 1986 establishments in Ontario 2014 disestablishments in Ontario Defunct retail companies of the United States {{Canada-company-stub