And then there are retailers who filed bankruptcy and closed stores. Denver-based upscale grocery chain Choice Marke

The hardware store brand, which boasts dozens of New Jersey locations, plans to sell almost all of its operations to a competitor.

True Value said it has filed motions with the bankruptcy court to continue paying wages and benefits to its employees, as well as offer support programs for customers. The company aims to complete its sale to Do it Best by year-end. True Value serves more than 4,500 stores worldwide with total retail sales of $10 billion, according to the company.

True Value, a hardware store brand, filed for Chapter 11 bankruptcy and sold almost all of its operations to a competitor.

The long-standing home-improvement wholesaler says its 4,500 locations will stay open as the company sells its operations to rival Do It Best.

It’s the fourth round of closures announced by the retailer in recent court documents. Big Lots says it will hold closing sales at the shuttering locations. Big Lots is continuing to downsize its physical footprint as part of an ongoing Chapter 11 bankruptcy process,

But the hardware retailer's 4,500 member stores are independently owned and will continue day-to-day operations.

Reuters reported that the 75-year-old company initiated the proceedings to enter into an agreement with Do It Best, which has offered to pay $153 million in cash to purchase the business.