Big-box sporting goods chain Gander Mountain has a new owner, and it’s not competitor Sportsman’s Paradise, as anticipated. Instead, the recreational vehicle dealer chain Camping World won the bidding, teaming up with liquidators Tiger Capital, Hilco, Great American Group, and Gordon Brothers to buy the brand, its stores, and its inventory. [More]
gordon brothers
Wet Seal Will Liquidate And Close 137 Remaining Stores
By 2.8.17
Attention, fashionable yet casual Consumerists: Get ready to head to your local mall if you’ve ever liked any products from clothing and accessories seller Wet Seal. The company is closing nationwide, which means selling everything from the clothes left on the racks to its office equipment. [More]
Sports Authority’s Stores Have Been Sold To A Trio Of Liquidators, All Will Close
By 5.17.16
While regular customers and employees may have hoped that the competitors of bankrupt sporting goods chain Sports Authority would bid on its stores and inventory, taking over and keeping the branches open so they could expand into new markets. While Dick’s Sporting Goods and Modell’s did bid, ultimately the winner of all remaining stores was a group of three notorious liquidators bidding together: Tiger Capital Group, Hilco Global, and Gordon Brothers. Update: the store closing sales will begin on or around May 25, and run until the end of August. [More]
RadioShack’s Future Comes Down To Saving Jobs Or Raising Cash For Lenders
By 3.26.15
What is the purpose of auctioning off the assets of a company that has declared bankruptcy? Is it to keep some form of the company in business to keep workers employed, or is it to raise as much money as possible for creditors in order to make a dent in their losses? That’s the question in RadioShack’s bankruptcy auction. Bids are supposed to be finalized today, and there are two competing high bids: one that will keep a large number of stores open, and one that will raise cash for lenders. [More]
Teen Clothing Retailer Deb To Liquidate, Close 295 Stores
By 1.7.15
The end of 2014 and beginning of 2015 have not been kind to teen-oriented retailers. Back in December, we learned that dELiA*s was bANkruPt and starting to liQuid8 its inventory. This week, Wet Seal announced that it will close two-thirds of its stores. Now another mall staple is putting down the store gate for good: Deb is liquidating and closing all 295 of its stores. [More]
New Owners To Coby Electronics Customers: Sucks To Be You
By 10.18.13
Coby Electronics made consumer electronics, notably portable DVD players, tablets, MP3 players, and TVs. Let’s just say that they were not well-known for the quality of their merchandise, but still sold $400 million worth of gadgets per year. Until this year, when they went out of business with a whole bunch of customers’ devices due for warranty replacement. [More]
Need A Suit? S&K Menswear Closing All 105 Stores
By 5.25.09
The decline in the “work clothing” market continues to take its toll. S&K Menswear are closing all 105 of their retail stores. The liquidation will be handled by Gordon Brothers, so don’t expect any actual deals. Going-out-of-business sales started on Thursday, May 21.
Liquidators Are Bidding On Circuit City, Including Gordon Brothers
By 1.15.09
Although they are accepting offers from buyers who intend to keep the retail operation going — Bloomberg reports that Circuit City is taking bids from liquidators — including the notorious Gordon Brothers (of CompUSA fame.)
Busted: Linen's N Things Liquidation Prices Actually Higher Than Original
By 11.25.08
A Good Morning America hidden camera investigation found that if you peel back the label on the “sale” items at Linen’s N Things, you’ll find the old label underneath, with a cheaper price. How do they get away with saying “10-20% off sale” then?
Insider: Smart Shoppers Are Going To Circuit City Stores That Aren't Closing
By 11.10.08
An employee of one of the closing Circuit City stores tells us that they were offered “big bonuses” for sticking around until Dec 31 instead of looking for a new job — but when the liquidator showed up the “bonus” was $0.75 an hour. Ouch. Oh, and yes, the liquidator is raising prices according to this now disgruntled employee.
No Deals: Notorious CompUSA Liquidator To Run Circuit City Closings
By 11.7.08
Your worst suspicions have been confirmed, the liquidator that ran the notoriously awful CompUSA liquidation (they actually raised prices, click here to see a photo) is conducting the liquidation of 155 Circuit City stores.
Update: Tweeter's Liquidation Sales Are Unimpressive
By 3.31.07
Liquidation sales have not transformed consumer electronics chain Tweeter into a Shangri-La of discount electronics, much to our disappointment. No $50 HDTVs. No ‘buy one get one’ deals on iPods. Just 49 closing stores offering 10%-30% discounts. All sales final.
CompUSA's "Fire Sales" Expected To Suck
By 2.28.07
Don’t expect good deals at CompUSA store closings, reader Brian reiterates, as the liquidation company apparently has a history of being anti-consumer:
