Hilco Merchant Resources announced that they will manage the going-out-of-business process for Simply Fashion and Dots retail locations.
Going Out of Business Sales Begin Today, May 7th, at Locations Throughout the U.S.
Hilco Merchant Resources and Gordon Brothers announced today that they will begin going-out-of-business sales at Simply Fashion and Dots retail locations nationwide beginning today, May 7th. Hilco Merchant Resources and joint venture partner, Gordon Brothers, will oversee the going-out-of-business sales on behalf of Simply Fashion and Dots. Simply Fashion, a Birmingham-based women’s fashion discount retailer, filed for Chapter 11 protection on April 20, 2015 and on May 6, 2015, and the joint venture team were awarded the store closing process by the bankruptcy court. Simply Fashion currently operates approximately 243 retail locations under the Simply Fashion and Dots banners. Store closing sales will offer discounts of up to 30% on all merchandise. Store furniture, fixtures, and equipment will also be for sale.
“We anticipate that this will be a short sale due to the outstanding savings and the desirable assortment of fashions and accessories. Consumers are encouraged to shop early while the selection is best,” said a representative of the Joint Venture.
Gift cards will be honored throughout the sale.
About Simply Fashion
Founded in 1987, and based in Birmingham, Alabama, Simply Fashion is an affordable women’s clothing store chain tailored to urban women. The retail chain also sells accessories, shoes and lingerie. Simply Fashion operates approximately 243 retail stores nationwide.
About Hilco Merchant Resources, LLC
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives. Hilco Merchant Resources’ activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.
Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments. For more information please visit: (www.hilcoglobal.com).
Chief Marketing Officer