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 […]

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 […]