Dirt Cheap files for bankruptcy, plans to close all stores

(Gray News) – Dirt Cheap will soon close its doors.

Channel Control Merchants, the parent company of Dirt Cheap and Treasure Hunt, filed for Chapter 11 bankruptcy on Thursday, court documents show.

According to local reports out of Hattiesburg, Mississippi, where its corporate offices are located, the company plans to close all stores to clear up its debt.

Dirt Cheap currently has more than 60 locations across Mississippi, Louisiana, Alabama, Arkansas, Florida, Texas, Georgia and Tennessee.

The company is an “extreme value retailer giving major brand customer returns and excess inventory a second chance,” according to its website.

A final court hearing date is scheduled for Nov. 7.

Dirt Cheap’s Facebook page is already advertising “store closing sales,” and one local report said it is presumed that by the end of the year all stores will be closed.

The Dirt Cheap retail stores that are closing in the Southeast are not affiliated with the Dirt Cheap liquor stores in Missouri.

A spokesperson for Wallis Companies, the parent company of the Dirt Cheap liquor stores in Missouri, confirmed in a statement that they are a separate Dirt Cheap and will not be closing any locations.