Family Christian Stores is about to auction its platinum records and other special mementos online as it nears the date when it will close all of its 240 outlets across 36 states in the U.S.
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Family Christian Stores announced in February that it will close after 85 years. The self-described "world's largest retailer of Christian-themed merchandise," which used to employ 3,000 people across all its branches, released a statement citing the continuous sales decline after it filed for bankruptcy as the reason for the shutdown, USA Today reports.
"Despite improvements in product assortment and the store experience, sales continued to decline," said Family Christian president Chuck Bengochea in the official statement. "In addition, we were not able to get the pricing and terms we needed from our vendors to successfully compete in the market ... We have prayerfully looked at all possible options, trusting God's plan for our organization, and the difficult decision to liquidate is our only recourse."
Liquid Asset Partners will conduct an online auction of Family Christian Stores' merchandise as part of the liquidation process of the now bankrupt Christian books retailer. Most of the products' prizes will be slashed by 60 percent, and the closing down of the stores will be completed by the end of April, MLive details.
LAP owner Bill Melvin said buyers will find a lot of interesting items from Family Christian Stores' corporate office and distribution center, which are both in Grand Rapids, Michigan. He also expects that people will more actively bid on the unusual items like a frame of platinum records, desktop crosses, mannequins, and inspirational posters.
The auction sale for Family Christian Stores will begin this week and interested buyers can take a closer look at the items onsite on April 21 and 22 from 9 a.m. to 5 p.m. EDT. The online auction will end on April 24 and the items can be picked up from the distribution center the following day or from its corporate headquarters on May 3, said Melvin.