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.
