The treasure hunt has ended at 20 Odd's-N-End's, Inc. stores across New York State, as the Buffalo-based close-out retailer decides to close nearly half of its chain.
Odd's-N-Ends, Inc., which has 55 stores, including 19 in the Buffalo area, has made arrangements to liquidate stock and close five Buffalo-area stores, five in the Rochester area and 10 others sprinkled across the state.
Local Odd's-N-End's stores targeted for closing include the following outlets: 3044 Sheridan Drive, Amherst; 4220 Delaware Avenue, Town of Tonawanda; 2429 Military Road, Niagara Falls, as well as a warehouse storefront at 3035 Niagara Falls Boulevard, in West Amherst.
The closings will affect more than 120 workers statewide, including 25 in the Buffalo area.
Odd's-N-End's has sold the contents of the affected stores to Gordon Brothers, a liquidating firm, which has already begun the inventory process.
Odd's-N-End's officials did not return calls regarding the closings.
The dramatic shutdown decision comes in the wake of a March announcement that the firm would get out of the fashion apparel business and would close three to five stores in the next 12 months. Company president John H. Clark projected a $2.5 million loss for 1993 and said the chain had informed its bank lender that it was unable to repay its $2 million seasonal line of credit as required on Feb. 28.