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Sur La Table Closing More Stores under New Ownership after Bankruptcy

Submitted by jhartgen@abi.org on

Sur La Table is will close 73 stores as it restructures following bankruptcy proceedings, FoxBusiness.com reported. Asset disposition firm B. Riley’s Great American Group announced 17 additional store closings on Friday on top of the 56 Sur La Table had previously planned. The Seattle-based high-end kitchenware store will hold liquidation sales at the closing store locations, offering discounts of as much as 30 percent off original prices, according to the announcement. The sales are expected to last about five weeks, or until all the merchandise is sold. Retail furniture, fixtures and other equipment will also be sold at some locations. Sur La Table struggled as the coronavirus pandemic kept shoppers home. The company laid off about 20 percent of its staff in June and filed for bankruptcy protection in July.