Taking Stock of Retail’s Reversal of Fortune
By: Michael McGrail
Those who run retail liquidations have had to continually shoot down a popular misconception over the past couple of years that “you must be incredibly busy right now.”
The mistaken assumption is based on the thinking that retail bankruptcies have exploded since COVID-19 as things were terrible during the lockdowns and now everyone shops online. However, the true […]
Over the past several years, Tiger Capital Group has been a partner in some of the most high-profile retail liquidations and store closing sales – everything from the recent Toys ‘R’ Us and Bon-Ton GOBs to Sears Canada, Gymboree, Gander Mountain, HH Gregg, Bebe, PayLess Shoe, and Gordman’s. But there’s a great deal more to the New York-headquartered company than retail liquidations and appraisals.
In a […]
By: Michael McGrail
With 21 major retailers filing for bankruptcy protection, 2017 went down as the busiest year for filings since The Great Recession. Working alone or with partners, our firm ran liquidation sales for Gander Mountain, Gordmans, RadioShack, MC Sports, Vanity, Sears Canada and hhgregg, to name a few. We also entered into multiple private deals involving undisclosed retailers, virtually all of which were household […]
At first glance, it might seem that national sporting goods chains should have the wind at their backs: U.S. personal income is expected to rise or hold through 2017, and researchers at Morgan Stanley cite dramatic growth in sports participation in North America, particularly among young people. According to IBIS World, in fact, the compound annual growth rate of the retail sporting goods market will […]
Apparel retailers targeting tweens and teens are taking a big hit. While we have already seen filings from the likes of Cache, Wet Seal, dELiA*s and Deb Shops, this is likely just the beginning of a larger trend. Amid dwindling sales at many (but not quite all) tween and teen-focused chains, the sector is positioned for further consolidation and additional filings.
In the heyday of the […]
U.S. consumers love gift cards. According to research firm CEB Tower Group, Americans loaded approximately $124 billion onto gift cards in 2014 alone. However, it is easy to see why, in the ABL world, the estate tends to regard gift cards as nothing to celebrate. After all, from the unsecured creditors’ perspective, accepting gift cards during the course of a liquidation sale is tantamount to […]
Explosions and firefights are part and parcel of today’s videogames, but a different sort of “creative destruction” is at play within the industry itself. After decades in which video games were available mostly on physical media like discs and cartridges, the arrival of trends such as mobile gaming, digital downloading and cloud computing promises to change the way people buy and play video games in […]
In the topsy-turvy period that followed the financial meltdown of 2008, the U.S. economy weathered the liquidation of thousands of companies, including big-name retailers such as Circuit City, Goody’s, Mervyn’s, Gottschalks, and Ritz Camera, to name a few. But the change in market conditions meant that a large number of companies needed updated appraisals right away. The resulting backlog forced the secured lending community to […]
