A Tsunami of Bankruptcies are About to Wash Away America’s Retail Sector
As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping up to be a busy summer of running going out of business sales at some very prominent chains.
“Some companies are just not going to survive this,” says McGrail, who is the COO of one of the […]
Modell’s Files For Bankruptcy, Plans To Liquidate
Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection in New Jersey.
The family-owned retail chain will begin liquidation sales in all stores and plans to continue its online sales during the process.
Fourth-generation Owner Mitchell Modell had tried to line up support with its stakeholders to keep the chain out of court, including vendors and lenders, but ultimately fell short. […]
Tiger Group Auctions Pro-Grade Audiovisual Gear From Prominent Production Supplier
Tiger Group on March 17 will hold an online-only auction of pro-grade audiovisual gear from a major production supplier known for its support of award-winning work on major television and film productions.
Manufactured by the likes of Arri Alexa, Black Magic, O’Connor, Panasonic, RED, Sachtler and Sony, more than 1,000 high-quality pieces of excess and under-utilized audiovisual […]
Brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer, Modcloth, from Walmart.
Go Global officially closed on the deal for the online women’s retailer — which carries a range of women’s indie and vintage clothing, shoes, handbags and accessories — on January 27, after receiving financing from Tiger Capital Group.
According to Jeff Streader, managing director of Go Global, the company plans […]
Company’s LA-based audiovisual vertical posts a 50 percent increase in total dollar volume for auctions, liquidations and turnkey sales in 2019; buyers and bidders increase by 40 percent.
LOS ANGELES, Feb. 18, 2020 /PRNewswire/ — The audiovisual vertical within Tiger Group’s Commercial & Industrial Division posted record sales of excess and underutilized AV equipment in 2019, further cementing its position as a leader in the disposition and […]
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