Building 19 to shutter after declaring bankruptcy - ABC6 - Providence, RI and New Bedford, MA News, Weather

Building 19 to close after declaring bankruptcy

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Dee DeQuattro

Boston-area discount retailer Building 19, famous for its comic book-style circulars and the motto ``Good Stuff ... Cheap,'' is closing its doors after a nearly half century in business.

The Hingham-based company, with 10 stores in Massachusetts, Rhode Island and New Hampshire, filed for bankruptcy last week. The company is seeking permission to hire a liquidation consultant and close by Dec. 8.

The Patriot Ledger reports that the company cited Internet competition and a lack of cash for new inventory as the reasons for the filing.

Building 19 was co-founded in 1964 by Jerry Ellis, a laid off appliance salesman.

The chain, which sells salvaged goods, overstocks, surplus and irregular merchandise, often made fun of its no frills, disorganized stores. One recent circular said ``Suffer a little. Save a lot.''

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