Stein Mart to Close 279 Locations Through Going Out of Business Sales
Stein Mart filed for Chapter 11 reorganization and authorized going out of business sales by a joint venture comprising Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners. The sale process is underway at all 279 Stein Mart locations across the U.S.
Founded in 1908, Stein […]
AmerisourceBergen puts former PharMEDium Memphis facility and equipment up for sale
A specialty pharmacy facility’s building and its equipment — set to close this year — are up for sale.
By Jason Bolton – Data Editor, Memphis Business Journal
Aug 13, 2020, 8:44am EDT
A spokesperson for AmerisourceBergen Corp. confirmed its former PharMEDium operations located at 6100 Global Dr. in Memphis is for sale.
CBRE Memphis is listing the property, and […]
New York & Company Store Closing Sales Begin with Deep Discounts
LOS ANGELES, July 28, 2020 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ:RILY) (“B. Riley”) affiliate, Great American Group, and Tiger Capital Group today announced that store closing sales have begun at all New York & Company retail locations across the United States. The firms are conducting liquidation sales across approximately 380 store locations in connection with the recent bankruptcy […]
US liquidators give retailers ‘sticker shock’ over unsold goods
Retailers are turning to liquidators to offload stock but are alarmed at how little they pay
America’s largest liquidation firms say retailers have been inundating them with calls to offload goods following weeks of lockdown, only to balk at the ultra-low prices they are offering to take inventory off their hands. Coronavirus upended retailers’ inventory planning, leaving goods […]
Tiger Group MD Named to SFNet’s ‘40 Under 40’
Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry.
“The SFNet 40 Under 40 Awards, established in 2016, celebrate the achievements of young professionals in the secured finance industry — […]
Tiger Group Sets Online Auction for Assets of Plastics Painting Plant
GRAND RAPIDS, Mich., July 8, 2020 /PRNewswire/ — Tiger Group will begin accepting bids on July 14 for a live online auction of selected assets to the continuing operations of Spectrum Cubic (a subsidiary of Spectrum Industries), a graphic decorating and painting company that services the plastics industry.
The auction, which gets underway at 10:30 a.m. (EDT) on […]
Retail Inventory Valuations Bounced Back During Re-Openings
By Marianne Wilson – 07/07/2020
Retail inventory valuations bounced back quickly to surprising health levels quickly in May and June. As large numbers of Americans responded to retail re-openings by hunting for bargains at liquidation sales.
That’s according to executives from Tiger Capital Group, who participated in a webinar with analysts from Goldman Sachs that focused on U.S. retail liquidations and […]
GOB Sale Resumes At 107 Modell’s Locations
Posted by SGB Media | Jun 25, 2020
Modell’s Sporting Goods has resumed going-out-of-business sales at 107 of its remaining stores, beginning immediately.
The retailer had begun sales in mid-March after filing for bankruptcy but was forced to postpone the sale as the coronavirus crisis began ramping up
A joint venture of Tiger Capital Group, Great American Group (a B. Riley Financial […]
J.C. Penney liquidation sales at 136 closing stores underway with discounts up to 40% off
UPDATED: J.C. Penney updated its closings list again Wednesday and now has 136 locations listed. The story originally noted liquidation sales would start at 137 stores.
Going-out-of-business sales at 136 closing J.C. Penney stores begin Wednesday, the department store chain announced.
The discounts range from 25 to 40% off original prices storewide. All sales […]
The Retail Liquidations—Neiman’s, J.Crew, Pier 1, More—Are About To Start Flowing
By Warren Shoulberg Senior Contributor
Maybe liquidation-a-go-go is too flippant for such a tragedy. But it does fit.As the number of retail bankruptcies start to pile up from companies whose final destruction was caused by the coronavirus pandemic, we are about to see a massive round of close-out/going-out-of-business/liquidation sales. It’s likely to be the largest such wave […]
