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 […]

In a Pandemic, Food, Booze and Guns Retain Value Best
Apparel, accessories and footwear are riskier assets to finance, liquidation firm Tiger Capital Group finds
By Aisha Al-Muslim

Updated May 6, 2020 8:03 am ET

Loans backed by food, alcohol and guns are holding up better than debt tied to other merchandise as shoppers increasingly turn to these goods amid coronavirus social-distancing restrictions.

Purveyors of food and beverages such as supermarkets, […]

Tiger Capital Group Co-Founder Predicts Dramatic Increase in Store Closures, Bankruptcies and Asset Liquidations Due to COVID-19

NEW YORK, April 22, 2020 /PRNewswire via COMTEX/ — NEW YORK, April 22, 2020 /PRNewswire/ — COVID-19 will cause a huge spike in asset dispositions across multiple sectors once the economic recovery begins, advised Dan Kane, Co-Founder and Managing Member of Tiger Capital Group, in a podcast interview with The […]

Tiger Group Issues Risk Assessment for 29 Consumer Industries Impacted by COVID-19

Taking into account the economic impact of the COVID-19 pandemic, Tiger Group’s Valuation Services Division has issued risk assessment guidance for asset-based lenders on a wide range of consumer goods categories.
Among the 29 categories analyzed in a study posted on the asset appraisal, disposition and financial service’s firm’s website, three  (10.3%) were rated high […]

A Tsunami of Bankruptcies are About to Wash Away America’s Retail Sector

As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping up to be a busy summer of running going out of business sales at some very prominent chains.
“Some companies are just not going to survive this,” says McGrail, who is the COO of one of the […]

Modell’s Files For Bankruptcy, Plans To Liquidate

Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection in New Jersey.
The family-owned retail chain will begin liquidation sales in all stores and plans to continue its online sales during the process.

Fourth-generation Owner Mitchell Modell had tried to line up support with its stakeholders to keep the chain out of court, including vendors and lenders, but ultimately fell short. […]

Cineworks Rental Inventory Going Up for Auction in June

With the retirement of owner Deborah Maxwell, the complete inventory of North Hollywood rental company Cineworks is going up for auction next month, according to Tiger Group, which will manage the auction.

Inventory that will be sold off include a large assortment of HMI and tungsten LED fixtures from manufacturers including Arri, Kino Flo, Mole Richardson, K5600, Litepanels, […]