Bargain News

Mega-discount chain Crazy Cazboy's opens first Texas store in Arlington

At their cheapest, items go for 25 cents. Crazy!

Photo courtesy of Crazy Cazboy's

There's a frenzy of discounts going down in Arlington with the arrival of Crazy Cazboy's, a buzzy discount superstore that opened in a former Tom Thumb at 5425 S. Cooper St. on March 26.

Crazy Cazboy's is a membership-only store that sells just about everything including electronics, food, health & beauty, pet, baby, and sporting goods.

That could include Christmas cards, makeup, turmeric tablets, home pregnancy kits, laptop cases, trash bags, Hanes underwear, facial hair scissors, Burt's Bees hand cream, dog treats, outdoor light bulbs, glue sticks, mattresses, and the occasional Apple watch.

The concept gets its inventory from from places like Amazon, Target, and Walmart, and so it changes all the time.

One of the things that makes it such a bargain hunter's dream — and a place you must fiendishly return to day after day — is the fact that the prices drop every day.

The starting point is Friday, as follows:

Friday - $7
Saturday - $5
Sunday - $3
Monday - $2
Tuesday - $1
Wednesday 25 cents

On Thursdays they're closed, and the store is fully restocked with new merchandise.

According to a release, this is the first location in Texas for this discount chain, but the fifth overall. Other locations are in Guntersville, Alabama; Pensacola, Florida; and Columbia, South Carolina. But at 41,140 square feet, the Arlington store is their largest so far.

The concept was founded by entrepreneur John Cassimus, the former founder of the also-popular Zoë’s Kitchen restaurant chain.

"We offer the most extreme discount pricing on the best products in the market and customers travel on average 35 miles to visit our stores daily," Casssimus says in a statement. "Now, we are excited to offer this unique membership-based retail shopping experience to the Arlington, Texas market.

Cassimus predicts that customers will be shocked by the space, the number of products, and the deep discounts.

"Shopping at Crazy Cazboy's is always an experience and we are excited to bring our crazy, fun, ridiculously great deals to Texas," he says. "It's going to be a lot of fun, you are going to save a ton of money and you won’t want to miss it!"

Customers are encouraged to download the Crazy Cazboy's app before heading to the store. Before you enter, you'll be scanned in via the app to help manage the number of customers shopping at one time.

You're not allowed to wear jackets inside the store, nor can you bring in purses or bags.

Once in the store, you can shop for as many items as you want and at checkout, you have the option of purchasing a $15 yearly membership or a $5 daily shopping pass.

You can also shop via the app, any time.

There's something called Crazy Cazboy Bins, offered online 24/7. Visit www.cazboy.com and click on the Crazy Cazboy Bins link. Shipping is free on orders over $30 and is available to all 50 states in the U.S. No membership is required to shop online.

shopping

Plastic Container News

Dallas-based Container Store joins wave of stores filing bankruptcy

Container Store

Another seemingly popular retailer has filed for bankruptcy: According to a release, the Container Store has filed for protection under Chapter 11 of the U.S. Bankruptcy Code, effective December 22.

The company is not closing down, says president and CEO Satish Malhotra in a statement.

“The Container Store is here to stay," Malhotra says. "Our strategy is sound, and we believe the steps we are taking today will allow us to continue to advance our business, deepen customer relationships, expand our reach, and strengthen our capabilities."

The Company has filed a motion with the Bankruptcy Court that will allow it to make timely payments to vendors, suppliers, and other trade creditors in full.

The stores and website will continue to operate as normal; all customer deposits and orders will be honored and delivered as normal.

At least 90 percent of the company’s loan lenders have pledged their support. A recapitalization will provide millions in new financing as well as debt service relief. This will strengthen their balance sheet and liquidity position, so they can meet commitments to partners and vendors.

Founded in 1978 and headquartered in Coppell, the Container Store offers organizing solutions and in-home services, with more than 10,000 products to complete any space, sold at more than 100 locations nationwide and a flagship online store.

When they first debuted, they were an utter revelation with all of their various plastic containers and tubs — a market that is now also filled by cheaper knockoffs sold at a much lower price at places like Target.

“We are particularly excited about the future of our custom space offerings, which continue to demonstrate strength," Malhotra says. "We intend to maintain our strong workforce and remain committed to delivering an exceptional experience for our customers while we execute this recapitalization and for many years to come.”

The Chapter 11 process does not include the Company’s Elfa business in Sweden, which continues to operate as usual.

There is starting to be a wave of bankruptcy filings of retailers that include Big Lots, which is holding going-out-of-business sales in anticipation of a company-wide closure; and Party City, which is closing its stores at the end of February.

The Container Store has created a dedicated website for stakeholders to get information about the Chapter 11 case at www.futureforcontainerstore.com.

holidays