Wind-Down Sale Starts Immediately In 568 Fashion Bug Locations

BENSALEM. Pa., Sept. 4, 2012 /PRNewswire/ -- SB Capital Group, LLC, Tiger Capital Group, LLC, and Great American Group, LLC, announced today the formation of a joint venture to conduct a sale of all inventory in the 568 stores of women's retailer Fashion Bug, a unit of Charming Shoppes, Inc., a recently acquired subsidiary of Ascena Retail Group, Inc.  The "Total Inventory Blowout Sale" will be conducted in the 568 Fashion Bug stores located in communities across 39 states, and is part of Ascena's planned divestiture of the brand and the orderly wind down of the Fashion Bug operation. 

In what will be an epic sale, shoppers will be able to take advantage of the tremendous savings offered at one of the most widely recognized women's stores in the country. Fashion Bug stores are stocked full of fresh new arrivals with the best in fall fashion, and shoppers will find compelling discounts of as much as 50% on everything in Fashion Bug's entire $500,000,000 retail inventory. The "Total Inventory Blowout Sale" will reinforce Fashion Bug's strong, high-value message of "Look Great, Spend Less" and will give women everywhere an unmatched opportunity to build their wardrobes at meaningful discounts off Fashion Bug's already low original prices. 

Fashion Bug offers women's apparel in plus, misses and juniors sizes, and includes offerings of intimate apparel, accessories, and footwear. Founded as part of Charming Shoppes, Inc., the first Fashion Bug store was opened in the 1960's in Audubon, New Jersey.  The company grew with rapid expansion in the late 1970's, and reached a peak of more than 1,400 stores in the 1990's.

As part of the process, Fashion Bug has retained more than 5,900 store and district personnel to assist the joint venture in operating the stores through the completion of the sale process.

About SB Capital Group, LLC

SB Capital Group, a Schottenstein affiliate, is a leader in the field of asset recovery, rescue finance, restructuring and strategic store closing events.  As equity stakeholders in businesses comprising sectors as diversified as retail enterprises, consumer products, franchising, licensing and real property, SB Capital Group leverages resources and depth of experience to provide services with applicability across a wide spectrum of industries.  Recognized worldwide as a trusted partner for businesses and professionals, SB Capital Group adds value to high level strategic planning as well as day-to-day operations.  Our participation in transactions that span the globe has solidified our reputation as one of the most creative and innovative financial service and asset realization firms in existence today.  Discover more at www.sbcapitalgroup.com

About Tiger Capital Group, LLC

Tiger Group provides 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.

About Great American Group, Inc.

Great American Group (OTCBB: GAMR) is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, 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. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, New York, San Francisco and London. For more information, visit www.greatamerican.com.

SOURCE SB Capital Group, LLC