Sears Canada Wins Court Approval to Liquidate Remaining Stores
Sears Canada Inc. received court approval to begin liquidating its stores as the insolvent retailer moves to wind up 65 years of business after failing to adapt to changing consumer tastes.
The Toronto-based chain’s plan to begin selling off its inventory on Oct. 19 was approved by Justice Glenn Hainey in Ontario Superior Court of Justice on Friday. […]
Sears Canada Liquidation Sales Begin At 54 Locations Nationwide
TORONTO — The liquidation sales at 54 Sears Canada Inc. locations began Friday, a process the company hopes will help it emerge from creditor protection later this year. The process includes 20 full-line, 15 Sears Home, 10 Outlet and nine Hometown locations in every province except Prince Edward Island. The sales are being run by a joint […]
Gymboree closing 350 stores
Company says move will help it emerge from bankruptcy
Gymboree, the bankrupt children’s clothing retailer, has announced it will close 350 stores following what it calls “a comprehensive evaluation of its retail footprint.”
The review was called for under its court-supervised financial restructuring. Company officials say maintaining a smaller number of stores, in the most profitable locations, will enable the retailer to get back […]
How to Close a Store
Where the clothing, mannequins, and hangers go when the lights shut off.
BY ELIZA BROOKE MAY 18, 2017, 10:17AM EDT
“Free hangers,” said the sign in the window of American Apparel on Brooklyn’s Smith Street. The doors were locked and nobody was inside, though a few fluorescent light fixtures glowed on the bare walls. Someone had left an iced coffee to melt […]
Going- Out- of- Business Sales To Be Held At All Gander Mountain
Liquidation of $800 Million of Outdoor Specialty Merchandise to begin
Thursday, May 4th at 126 Locations Across 23 States
SAINT PAUL, Minn. (5/4/17) – Inventory liquidation sales will begin on Thursday, May 4, 2017 at all Gander Mountain (GDMIN.UL) store locations – offering shoppers deep discounts on top brand-name outdoor gear. The nationwide sale […]
HHGregg Will Close All 220 of Its Stores After Failing to Find A Buyer
Phil Wahba – Apr 07, 2017
Another retailer bites the dust.
The management of hhgregg said on Friday afternoon that the company was closing all 220 of its stores and going out of business entirely, having failed to find a buyer for the furniture, electronics and appliance retailer in bankruptcy court. The liquidation ends […]
Women’s Fashion Retailer Bebe Closing All Stores
Paul J. Gough, Digital Producer – Pittsburgh Business Times
Apr 21, 2017, 12:44pm EDT
Add another retailer to the casualty list: Bebe.
Bebe Stores Inc., a women’s apparel store, announced plans to shut all 168 of its locations nationwide by the end of May. The announcement, disclosed in a filing Friday with the U.S. Securities and Exchange Commission, followed news March 22 […]
Tiger Capital Group and Great American Group to Liquidate 48 Gordmans Stores
LOS ANGELES, April 10, 2017 (GLOBE NEWSWIRE) — Tiger Capital Group, LLC, which provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients, and Great American Group, LLC, a leading provider of advisory and valuation services, and a subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), announced today […]
Payless Brings On Liquidators to Begin Store Closing Sales
The struggling retailer will be liquidating nearly 400 stores over the coming weeks as part of its ongoing bankruptcy.
By Kali Hays on April 13, 2017
Payless ShoeSource is set to begin the liquidation of almost 400 stores as part of its bankruptcy process.
With the oversight of a joint venture between liquidation advisers Great American Group and Tiger […]
Gander Mountain To Begin Liquidations On 32 Locations
Tiger Capital Group and Great American Group have been chosen to assist Gander Mountain in the closure of 32 under-performing locations across the United States.
The St. Paul, Minn.-based retailer, which filed for Chapter 11 bankruptcy protection on March 10 in the U.S. Bankruptcy Court for the District of Minnesota, received court approval to launch the liquidation sales while […]
