Job losses come with Liquidation World closure

Employees at Liquidation World in Chilliwack face an uncertain new year after the owners announced plans last week to shut it down.

Employees at Liquidation World in Chilliwack face an uncertain new year after the firm that bought the store two years ago announced plans last week to shut it down.

The announcement comes just two weeks before Christmas.

And while the Chilliwack location is expected to remain open until at least January, the news is hitting employees hard.

“It’s brutal,” said one staff member who asked his name not be used.

It’s not clear how many jobs will be affected by the closure. A spokesperson for Liquidation World did not return calls in time for The Progress’ deadline.

However, across Canada the closure could affect 1,500 workers.

The local discount retailer was rebranded from a Liquidation World to a Big Lots store after the struggling LW brand was purchased by Big Lots in 2011.

The lease of the local building is up at the end of January and it’s not clear if the store will remain open until then.

Big Lots is North America’s largest closeout retailer and officials have decided to cut their losses in Canada. Lower than expected profits and competition were named as the primary reasons.

Company officials said the publicly traded Big Lots was not able to “gain the necessary traction” in the Canadian market since the purchase, citing expected losses of more than $50 million for 2013. The wind-down is starting now and all 78 stores are expected to close by April 2014, including the headquarters in Brampton.

Big Lots is the parent company of Liquidation World stores, which it also owns.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Seven Days in Chilliwack

A list of community events happening in Chilliwack from Jan. 27 to Feb. 2

PHOTOS: Chilliwack junior roller derby team celebrates long-awaited win over Seattle

NWO Junior Roller Derby hosted two games on the weekend against the Seattle Derby Brats

Violin meets piano in The Red Violin at the Chilliwack Cultural Centre

Jasper Wood joins the Bergmann Duo for an intimate morning concert in Chilliwack

Bold and brazen singer Begonia brings colourful show to Tractorgrease in Chilliwack

The musician from Winnipeg is equally comfortable singing lullabies, headbangers and ballads

PHOTOS: Home, Leisure and Outdoor Living Expo runs all weekend in Chilliwack

There are more than 250 vendors set up for the annual home show at Chilliwack Heritage Park

VIDEO: Find Me My Furever Home – Henderson at the Chilliwack SPCA

Henderson, also known as Biggy, has FIV, a virus similar to HIV in humans

Canada’s basketball community mourns Kobe Bryant after helicopter crash

Bryant was an 18-time NBA all-star who won five championships

‘Devastated’: Fans, celebrities remember Kobe Bryant after his death

Bryant played all of his 20-year career with the NBA with the Los Angeles Lakers

Kobe Bryant, daughter killed in California helicopter crash

Bryant entered the NBA draft straight out of high school in 1996

Investigation launched after six dead puppies dumped in Richmond hotel parking lot

RAPS reminds people they can always give up puppies they can’t take care of

Canadian Lunar New Year celebrations dampened by coronavirus worries

But Health Minister Patty Hajdu said today that the risk of infection is low

Man clings to roof of car driving along busy road in Maple Ridge

The man was also seen jumping on the vehicle

B.C. VIEWS: New coronavirus outbreak an important reminder

Walking the line between cautious and alarmist

Most Read