NORTHBROOK, Ill., April 1, 2015 (GLOBE NEWSWIRE) -- The JV group of Hilco Merchant Resources, Gordon Brothers Group and Tiger Capital Group announced today that it will manage a final phase of RadioShack store closings at an additional 361 locations throughout the nation. Sales begin at these locations tomorrow, April 2nd, with significant discounts on all merchandise.
Discounts of up to 50% off original prices are being offered at the closing locations on the entire inventory of top brand headphones and speakers, wearable technology, smart toys, connected home, power accessories, home entertainment and much more. RadioShack's huge selection of electronic components, batteries, and everything for the hobby and electronics enthusiast is now also on sale at compelling price reductions at all closing locations.
Since February, RadioShack has closed over 1700 company owned store locations following a Chapter 11 Bankruptcy filing. The additional stores will be the last wave of store closing sales at RadioShack after the announcement yesterday in a Delaware bankruptcy court that the judge approved a plan to reorganize RadioShack in a deal with Standard General and Sprint that will keep as many as 1740 company owned stores open throughout North America and preserve thousands of retail jobs.
A spokesperson for the joint venture said, "We've been engaged to manage this final round of RadioShack store closings as the company focuses on reinvigorating the remaining set of 1740 company owned stores under new ownership. This is a great time to find deep discounts on an incredible range of merchandise and well-known brands. Consumers are encouraged to take advantage of these fantastic deals right away while the selection is best."
Store fixtures and equipment are also available for sale at the closing locations.
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. The firm's 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; 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, the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates twenty specialized business units around the world. For more information please visit: (www.hilcoglobal.com ).
ABOUT GORDON BROTHERS GROUP:
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $70 billion worth of transactions and appraisals annually. As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com).
ABOUT TIGER CAPITAL GROUP:
Tiger Capital Group 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's collaborative, straight-forward approach is the foundation for its many long-term 'partner' relationships and decades of success. Tiger maintains offices in New York, Los Angeles, Boston, San Francisco and Sydney. To learn more about Tiger, please visit: (www.TigerGroup.com).
NOTE: LIST OF CLOSING LOCATIONS CLICK HERE