Retail and the Debt ‘Tipping Point’

The unsettling headlines in retail just keep on coming. One of the latest going-out-of-business events—the closing of Payless ShoeSource’s North American operations—stands as the largest liquidation by store count in U.S. history. My firm, Tiger Capital Group, along with joint venture partner Great American Group, began liquidating $1 billion in inventory at 2,300 Payless stores this past February. The sale […]

The Dump consolidating Philly footprint
Will close one store and launch a new high-end concept in the other

Clint Engel, February 28, 2019

PHILADELPHIA — The Dump, part of Top 100 Haynes Furniture, is liquidating one Philadelphia market store and selling off inventory at the other with plans to introduce a new concept in a single market store.

The off-price retailer will begin a store closing at its 89,000-square-foot […]