Stores Ordered to Stop GOB Sales

International Diamond and Gold is now really going out of business. After conducting “going out of business” sales for over six months, the company has been ordered by an Ohio court to stop. A local judge this week granted Ohio Attorney General Richard Cordray's request that International Diamond and Gold Company, an eight-store chain based in Columbus, stop conducting its going-out-of-business events in Ohio. The company, which has four stores in central Ohio, announced it was closing in May. A statement from the attorney general's office charged that IDG had been conducting “going out of business” sales for more than 90 days and was supplementing inventory during the sales, both violations of Ohio law.
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