BOSTON, Feb. 7, 2018 /PRNewswire/ -- Store closing sales will begin today at select Toys"R"Us® and Babies"R"Us® locations throughout the country – offering shoppers deep discounts on top brand names across all product categories. The closing sales will be operated by a consortium consisting of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group and Great American Group. Store furniture and fixtures will also be available for sale.
Since 1948, Toys"R"Us has served kids and families around the world by offering great service and a broad assortment of toy and baby products. The Company recently announced the closure of a number of stores as part of a restructuring strategy to make Toys"R"Us a more viable and competitive business. Toys"R"Us filed for Chapter 11 bankruptcy protection last September to ensure the Toys"R"Us and Babies"R"Us brands live on for generations to come. The discounts and promotions that will be offered at closing locations starting today will be unique to these stores. Closing locations will continue to honor customer programs including gift cards, Endless Earnings and credit card specials.
A consortium spokesperson said, "not only will the sale provide loyal customers from coast to coast the opportunity to purchase their favorite products at significantly lower prices, it will also include new merchandise at even deeper discounts. Due to these substantial reductions, we encourage consumers to shop early to take advantage of the best selection of products available while supplies last."
For a complete list of closing stores, click here.
About Gordon Brothers:
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across four continents.
About Hilco Merchant Resources
Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer's strategic initiatives. Hilco Merchant Resources' activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment. Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global, one of the world's leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.
About Tiger Capital Group
Tiger Capital Group (tigergroup.com) provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. With over 40 years of experience and significant 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, provide capital or convert assets to capital quickly and decisively. Tiger maintains domestic offices in New York, Los Angeles, Boston, Chicago, and San Francisco, and international offices in Sydney, Perth, Melbourne and Brisbane, Australia.
About Great American Group
Great American Group, LLC is a leading provider of asset disposition and auction solutions, advisory and valuation services, and a wholly-owned subsidiary of B. Riley Financial, Inc. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. To learn more about Great American Group, please visit www.greatamerican.com
Toys"R"Us, Inc., the destination for play and parents' best friend headquartered in Wayne, NJ, offers its customers around the world a differentiated shopping experience through its family of brands. Merchandise is sold in Toys"R"Us and Babies"R"Us stores in the United States, Puerto Rico and Guam, and in 38 countries and jurisdictions. Through its e-commerce sites Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection of distinctive toy and baby products. The company is committed to serving its communities as a caring and reputable neighbor through programs dedicated to keeping kids safe and helping them in times of need. Over the past three decades, the company has given more than $100 million in product donations to children's charities. Since 1992, the Toys"R"Us Children's Fund, a 501(c)(3) organization and the company's charitable arm, has also donated more than $130 million in grants. For more information, visit Toysrusinc.com or follow @ToysRUsNews on Twitter.
Gordon Brothers, Marketing
SOURCE Gordon Brothers