HILCO MERCHANT RESOURCES & GORDON BROTHERS GROUP JOINT VENTURE TO LIQUIDATE $30 MILLION INVENTORY FOR CHILDREN’S CLOTHING RETAILER
Store closing sales begin today at more than thirty Hartstrings stores throughout the U.S. Tremendous discounts of 50-75% off original prices are being offered on a huge collection of the latest apparel for girls, boys, toddlers and infants, including many new arrivals. Just in time for the holidays, shoppers will find spectacular savings at every closing store on all tops, sweaters, bottoms, dresses, outerwear, jackets, sleepwear, rainwear, accessories and layette.
Hartstrings gift cards will be honored at all closing locations. Store fixtures, furniture and equipment will also be available for sale.
A spokesperson for the joint venture said, “As we enter the holiday season, the Hartstrings store closing sales present an exceptional opportunity for shoppers to take advantage of extraordinary price reductions on a premier assortment of children’s clothing. Consumers are encouraged to shop early for the best selection.”
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. Additionally, among recent acquisitions by HMR are the nation’s premier fixture and equipment liquidation company, Fixture Finders (www.fixturefinders.com), as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).
Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world’s leading authorities 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).
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually. As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com).
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Chief Marketing Officer
Managing Director, Retail Marketing & Business Development
Gordon Brothers Group, Retail Division