Dirt Cheap files for bankruptcy

Dirt Cheap, a Mississippi-based discount retailer, has filed for bankruptcy and will close all 68 of its stores across eight states, including Alabama. The parent company, Channel Control Merchants, submitted the bankruptcy filing in Delaware. Liquidation sales are currently taking place at all locations. Dirt Cheap, known for its extreme value offerings, specializes in customer returns and liquidations. The chain, which began in Hattiesburg, Mississippi over 30 years ago, once claimed to be the largest buyer of insurance claims in the U.S. In 2022, it reported saving 60m items from landfills through store sales. Many of the company’s creditors were also its suppliers. Among its list of top creditors is Target, Amazon, Macy’s-Bloomingdale, Nordstrom, Lowe’s, Home Depot, Academy Sports, Dick’s Sporting Goods, and Staples.