Sports Authority had a problem as it wound down business at its first batch of stores closed after it filed for bankruptcy protection: they hadn’t sold everything, and needed to either leave merchandise behind for landlords to deal with, or send it back to vendors. The problem was that the vendors and the company’s lenders disagreed on who should get the proceeds of selling that merchandise: the vendors it belonged to, or the lenders who are supposed to get paid as the bankrupt sporting goods retailer sells everything off. [More]
Some families save wedding dresses, and some don’t bother. For people who don’t want to bother and for people who want to save some money and don’t mind using a pre-married gown, there’s a specialty consignment store in the suburbs of St. Louis that sells formal gowns for brides and their attendants. Well, there used to be. The store abruptly closed, with lots of unsold dresses inside. [More]
If you’ve got some stuff that you think is too valuable to give away but don’t want to go through the effort of a garage sale or selling it online, consignment is a route worth considering. By giving a cut of your sales to a retailer who stocks and sells your items, you can make money off your inventory with little effort.
The razor-fingered Valkyries seen above are the editors of the newest addition to the Gawker stable, Jezebel. They’ll be delivering an unvarnished excoriation of women’s magazines, celebrities, sex and fashion.