Wise Buys Goes Out of Business; What Should Replace It?

With the company gone due to financial turmoil, its space remains open to new possible business.

Wise Buys Liquidators, Inc. wrapped up its going-out-of-business sales recently, bringing end to the company's four-year operation.

In a letter obtained by the Sacramento Business Journal, Wise Buys CEO Gary Cino cites "financial distress" as a major contributor to the company's downfall. The four-year-old company had stores in Elk Grove, Citrus Heights, Folsom and Roseville.

In March, Wise Buys closed its doors in Citrus Heights and by August, the company began liquidation sales at all its branches. At the beginning of the sales, Cino noted they would last somewhere between 60 to 75 days. Those liquidation sales have since ended.

Wise Buys stores were located at 1012 Riley St. in Folsom, Roseville Square shopping center in Roseville and at 8457 Elk Grove Blvd. in Elk Grove.

With the closure of the stores, space becomes available for a new business to take its place. If it was up to you, what would see replace your local Wise Buys store?

Let us know in the comments section below.

Randy L. December 04, 2012 at 03:08 PM
I think it would be a great move for TRADER JOES to take that space! They could expand so much more with this space in Roseville and still be in the same center!
Jim Ring December 04, 2012 at 09:20 PM
I wholeheartedly agree Randy. I specifically avoid going to Trader Joe's because of the cramped quarters and "challenging" parking. I was surprised that they didn't take over the rebuilt Ross Dress For Less building. Now is their chance to make a smart move!
Emily B. December 05, 2012 at 08:59 PM
I completely agree, Trader Joe's should take over the now vacant space and expand the store, a move that would equal long term profits for Trader Joe's and many more happy Rosevillians.


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