NASHVILLE-BASED DISCOUNT STORE BARGAIN HUNT FILES FOR BANKRUPTCY

(Bloomberg) -- Discount retailer Essex Technology Group, which does business as Bargain Hunt, has filed for bankruptcy, marking deepening woes for stores that target budget-conscious shoppers. 

The company filed for Chapter 11 bankruptcy in Tennessee on Monday, court documents show. It listed assets of $10 million to 50 million and liabilities of between $50 million and 100 million in its petition. 

Bargain Hunt operates 91 stores across 10 states, selling everything from heaters to popcorn, according to its website. The company calls itself an “extreme value retail chain” as it offers discounts “30-70% off other retailers every-day prices.”

Bloomberg first reported the company was preparing a bankruptcy filing in late January. The retailer has been working with Riveron Consulting for assistance as it considers a wind down of operations, according to people with knowledge of the matter. 

The company joins a slew of stores known for selling cheap goods that have filed for bankruptcy in recent months, as inflation continues to pressure consumer wallets. Most recently, Channel Control Merchants, which operates Dirt Cheap and Treasure Hunt discount stores, filed for Chapter 11 bankruptcy protection in October.

The bankruptcy case is Essex Technology Group LLC, 25-00452, in US Bankruptcy Court Middle District of Tennessee. 

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2025-02-03T18:29:22Z