News

 

SUR LA TABLE STORE CLOSING SALES UNDERWAY AT 17 LOCATIONS ACROSS THE U.S.

LOS ANGELES, September 11, 2020 – B. Riley Financial, Inc.’s (NASDAQ:RILY) (“B. Riley”) Great American Group, SB360 Capital Partners and Tiger Capital Group today announced that store closing sales started August 28th at an additional 17 Sur La Table retail locations across the United States.

STEIN MART TO CLOSE 279 LOCATIONS THROUGH GOING OUT OF BUSINESS SALES

CHICAGO, Illinois – August 13, 2020 – On August 12, 2020, Stein Mart filed for Chapter 11 reorganization and authorized going out of business sales by a joint venture comprising Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group, B. Riley Financial’s Great American Group and SB360 Capital Partners. The sale process is underway at all 279 Stein Mart locations across the U.S.

THE POST-COVID NEW NORMAL FOR STORE CLOSING AND STRATEGIC SALE EVENTS

“Please…Get in the water.” Luring Retail Shoppers Back to Store Closing Sales in the Age of COVID-19

“Why aren’t you in the water? Nobody’s going in. Please… get in the water.” Those pleading words uttered in the 1975 blockbuster movie “Jaws” were part of an ill-fated effort by Mayor Larry Vaughn …

WWD: AMERICAN EAGLE OUTFITTERS BEGINS REOPENING STORES

By Kellie Ell and Jean E. Palmieri, as published in WWD May 7, 2020

American Eagle Outfitters is reopening for business in select locations — although for now, things will look a little different.

Hand sanitizers, face masks, employee temperature checks, open space, touchless payments, options for curbside…

SB360 DONATES KN95 MASKS TO BETH ISRAEL LAHEY HEALTH

BOSTON, Massachusetts – April 10, 2020 – As new cases of the coronavirus are reported each day, the need for personal protective equipment for medical personnel and first responders is becoming increasingly critical. As a response to the crisis, SB360 has...

STORE CLOSING SALES BEGIN IMMEDIATELY AT 184 SELECT NATIONAL STORES

NORTHBROOK, Illinois – October 12, 2018 – National Stores will begin a store closing sale at 184 of its remaining locations today. The store closing sales are being conducted by a joint venture consisting of Hilco Merchant Resources, Gordon Brothers and SB360...

SECOND AVENUE CAPITAL PARTNERS LAUNCHES LENDING PLATFORM

BOSTON, Massachusetts – April 16, 2018 – Second Avenue Capital Partners, LLC, (www.secondavecp.com) announces its formation as a new lending platform specializing in asset-based loans for the broader retail and consumer product industry. Established by SB360 Holdings,...

JUDGE APPROVES ORDER TO LIQUIDATE ALL NINE WEST CANADA STORES

(TORONTO, Ontario) – April 13, 2018 – A Canadian Bankruptcy Court judge issued an order Wednesday approving the liquidation of assets and the closing of all 35 locations of Nine West Canada. Nine West Canada LP and its General Partner Jones Canada, Inc. (together,...

Jay Schottenstein to be Honored with the T. Kenyon Holly Award

WALTHAM, Massachusetts – July 29, 2016 – Two Ten Footwear Foundation, the national charitable foundation of the U.S. footwear industry, announced plans today for its 77th annual VIP Dinner and Gala, “One Team.” Scheduled for Wednesday, November...

An Iconic Store for the Avid Outdoorsman Closing Forever

CLARKSVILLE, Tennessee – June 28, 2016 – After 53 years in business, Clarksville’s iconic store Grandpa’s Outdoors is closing their doors forever. Mrs. Jackie Langford, Vice President of Grandpa’s, located at 1894 Fort Campbell Boulevard...

SBC Logistics Exhibits at RILA Conference

COLUMBUS, Ohio – February 27, 2016 – SBC Logistics will exhibit at the RILA (Retail Industry Leaders Association) 2016 Retail Supply Chain Conference in Dallas, Texas, February 28th through March 2nd. The Retail Supply Chain Conference, hosted by RILA for...

Joyce Leslie, Inc. Files Motion for a Sale of Its Assets

MOONACHIE, New Jersey – January 18, 2016 – Joyce Leslie, Inc. announced today that it had filed a motion on January 14th for court approval to set bid procedures and an auction date for a sale of most of its assets. Joyce Leslie, Inc. (the...

SB Capital Group Named Stalking Horse by Cache Inc.

GREAT NECK, New York – February 4, 2015 – SB Capital Group, LLC, is part of a joint venture chosen as the stalking horse bidder for an auction to be held in the event of liquidation by women’s dress and formalwear retailer Cache Inc. of New York....

Albertsons and Safeway Complete Merger Transaction

BOISE, Idaho and PLEASANTON, California – January 30, 2015 – AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. Under the terms of the merger agreement first announced and...

ALCO Chooses SB Capital Group As Stalking Horse

GREAT NECK, New York – October 21, 2014 – A joint venture consortium including SB Capital Group, LLC, has been chosen as the stalking horse bidder for an auction to be held in the event of liquidation by ALCO Stores, Inc. of Coppell, Texas. If successful...

Uncle Lee’s in Greenville is Closing Their Doors Forever

GREENVILLE, Kentucky – October 20, 2014 – After nearly 40 years in business, Uncle Lee’s on Main Street in Greenville is closing their doors. Mr. Lee Fauntleroy, President and owner of the iconic local store, announced his decision today to retire....