North Cove Outfitters Offers Huge Discounts on Outdoor Apparel and Equipment in Historic Store Closing Sale

OLD SAYBROOK, Conn., Feb. 24, 2012 /PRNewswire/ -- Outdoors enthusiasts from across Southern New England are flocking to the ongoing going-out-of-business sale at North Cove Outfitters thanks to the significant discounts now available on outdoor apparel, fly rods, kayaks and canoes, camping and hiking equipment, and more.

The event, which began Feb. 18, "represents an extraordinary opportunity for fly fisherman, hikers, campers, backpackers and paddlers to take advantage of once-in-a-lifetime pricing on this venerable outfitter's inventory of top-quality goods," said John Cronin, director of planning and analysis at Boston-based Tiger Capital Group, LLC, which is conducting the liquidation for the 24-year-old retailer, located at 75 Main Street in Old Saybrook.

For example, discounts of 30% to 50% are now available on all men's, women's and children's outerwear. North Cove's discounted inventory also includes kayaks and canoes by top brands such as Impex, Necky, Wilderness Systems, Perception and Current Designs, as well as a wide selection of backpacks and other hiking and backpacking accessories from the likes of Black Diamond, Petzl, Five Ten, Metolius, Sterling Ropes, The North Face, Osprey, Eagle Creek, Jansport and Gregory. The store offers a wide selection of climbing rope, gear, shoes, tents and accessories, as well as trekking poles, trail guides and winter-trekking supplies, including snowshoes from manufacturers such as Atlas and MSR.

Named "Retailer of the Year" by Canoe & Kayaking magazine in 1997, North Cove Outfitters was founded in 1988 by passionate outdoorsmen Norm Cavallaro and Ed Carney, who grew the business into one of Southern New England's premier outfitters, promoted a popular outdoor film festival and became nationally known advocates for canoeing and kayaking. However, the store suffered a serious blow when discretionary spending collapsed in the wake of the 2008 financial crisis. This year's extraordinarily mild winter, meanwhile, all but killed sales of cold-weather apparel. At the time the sale began, North Cove had 40 full- and part-time employees.

"After several attempts to save their beloved business, the owners turned to Tiger Capital Group as a trusted advisor for help with the voluntary wind down of the operations," said Cronin. "We are working closely with the owners and employees on an orderly closing that befits North Cove's stellar reputation."

In addition to merchandise inventories, the sale includes furniture, fixtures and equipment. Store hours are Monday through Friday, 10 a.m. - 8 p.m.; Saturday, 9 a.m. - 6 p.m., and Sunday, 12 noon - 5 p.m. For more information, call (866) 437-6707.

About Tiger Capital Group

Tiger Capital Group, LLC and its affiliates provide advisory, restructuring, valuation, disposition and auction services within a broad range of retail, wholesale, and industrial sectors.  With over 40 years of experience and substantial financial backing, Tiger offers a uniquely nimble combination of expertise, innovation and financial resources to drive results. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, convert assets to capital in a variety of ways quickly and decisively.  Tiger's collaborative and no-nonsense approach is the foundation for its many long-term 'partner' relationships and decades of uninterrupted success.  Tiger maintains offices in Boston, Los Angeles, New York and Atlanta. To learn more about Tiger, please visit www.TigerGroupLLC.com.

SOURCE Tiger Capital Group, LLC