Hilco Global
Source: Hilco Global

STORE CLOSING SALES BEGIN AT 59 GOLFSMITH LOCATIONS NATIONWIDE

Compelling price reductions offered on over $80 million worth of top quality golf equipment, apparel and footwear from the best brands.

Gordon Brothers, Hilco Merchant Resources and Tiger Capital Group managing complete liquidation of inventory, fixtures and equipment at all closing stores.

NORTHBROOK, ILL., Nov. 3, 2016 (GLOBE NEWSWIRE) -- Store closing sales have just started at 59 Golfsmith stores throughout the nation. Storewide discounts of up to 30% off original prices of all merchandise are being offered at every closing location. The entire stock of famous maker golf equipment, including the newest models, as well as all apparel and footwear are now discounted with no exceptions. Every famous brand is reduced, with savings on all drivers, woods, irons, balls, bags, carts, electronics, shoes, gloves, shirts, pants, rain gear, accessories and much more. Stores are receiving shipments from the warehouse, so a full selection of merchandise is available. All golfers, from beginners to advanced, will find everything they need and will save on absolutely every item, including rarely discounted merchandise. (Visit www.golfsmith.com for a listing of all closing locations.)

Golfsmith gift cards and merchandise credits will be honored at all closing stores through November 11, 2016.

Store fixtures and equipment are also available for sale at closing locations.

The store closing sales are being conducted by a joint venture of Gordon Brothers, Hilco Merchant Resources, and Tiger Capital Group. A spokesperson for the joint venture said, "This is a truly outstanding savings opportunity for all golfing enthusiasts, as well as for anyone with a golfer on their holiday gift list. We expect this will be a short sale because of the very significant price reductions being offered on a full assortment of top quality merchandise at these well stocked superstores. Consumers are encouraged to shop early for the best selection."

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, LLC
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. Additionally, HMR now includes among its subsidiaries the nation's premier fixture and equipment liquidation firm, Hilco Fixture Finders (www.hilcofixturefinders.com), as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).

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. Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments. For more information please visit: (www.hilcoglobal.com).

About Tiger Capital Group:
Tiger Capital Group (www.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.

Note to editors: for a list of Golfsmith closing locations, please visit Hilco Global here.

Gary Epstein
Chief Marketing Officer
Hilco Global
(847) 418- 2712