Cheap Maggie’s, a Hoboken institution that sells inexpensive clothes, shoes, Hoboken t-shirts, and household items, is even cheaper now — because it’s going out of business. The store at 216 Washington St. is advertising its merchandise at 80 percent off.

The store posted signage last week saying it was going out of business, and by this Tuesday morning, its awning had been ripped and more Everything Must GO signs had been added. The owners didn’t respond to an email sent last week asking when they will close for good. With this said, the sale could last well into next year. Due to the ambiguous nature of the closure, it is not known whether the store has closed for personal or financial reasons.

The store is near the south end of the main street, Washington Street, approximately six blocks from the train station. A sign in the store window encourages shoppers to also visit their location on Route 46 in Parsippany.

Originally founded in 1985, Cheap Maggie’s has served Hoboken for decades and is known for its cheap clothing and household items. As you may have gathered, this is where its name comes from. At this point in time, it is not known what will replace the discount retailer.