SB360 CAPITAL PARTNERS
In The News
All the latest SB360 headlines.
SB360 WELCOMES LEONARD R. POLIVY AS EXECUTIVE VICE PRESIDENT OF LUXURY, DIAMOND AND JEWELRY
BOSTON, Massachusetts – January 26, 2021 – SB360 Capital Partners, one of North America’s leading asset realization and advisory firms, announced that Leonard R. Polivy has joined the company as Executive Vice President of Luxury, Diamond and Jewelry. Leonard...
SB360 IS PROUD TO SUPPORT THE HOLIDAY DREAMS FOUNDATION
BOSTON, Massachusetts – December 12, 2020 – SB360 Capital Partners is proud to support charitable organizations and initiatives that make a positive impact at both a local and national level. This holiday season, SB360 has donated to the Holiday Dreams Foundation to...
THE M&A ADVISOR: AARON S. MILLER NAMED A RECIPIENT OF EMERGING LEADERS AWARDS
Original Press Release December 4 from The M&A Advisor ** 11th Annual Emerging Leaders Awards Winners Announced ** Recipients To Be Recognized On January 28 During Virtual Awards Gala NEW YORK, December 4, 2020 – In the spirit of hope and celebration during a...
JUSTICE COMMENCES TOTAL INVENTORY BLOWOUT SALES IN 85 LOCATIONS AND ONLINE
BOSTON, Massachusetts – November 13, 2020 – SB360 Capital Partners, one of the country’s leading asset disposition specialists, announced the start of “Total Inventory Blowout” sales in 85 Justice stores as well as the e-commerce site at www.shopjustice.com. SB360...
SB360 CAPITAL PARTNERS TO ASSIST PET VALU, INC. WITH WIND DOWN OF ALL U.S. BASED STORES
BOSTON, Massachusetts – November 5, 2020 – SB360 Capital Partners, a leading asset disposition specialist, has been engaged by Pet Valu, Inc., a specialty retailer of premium pet food, treats and supplies in the United States, to assist the company with the wind down...
PET VALU U.S. TO WIND DOWN OPERATIONS DUE TO COVID-19
WAYNE, Pennsylvania – November 4, 2020 – Pet Valu, Inc. (“Pet Valu U.S.”), a specialty retailer of pet food and supplies in the United States, today announced plans to commence a wind down of its operations due to severe impact from COVID-19....
JUSTICE COMMENCES STORE CLOSING SALES IN 23 ADDITIONAL LOCATIONS
BOSTON, Massachusetts – September 24, 2020 – SB360 Capital Partners, one of North America’s leading asset disposition specialists, announced that it commenced store closing sales in an additional 23 Justice stores located in 13 states. Justice is a destination store...
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.
ASCENA ENGAGES SB360 CAPITAL PARTNERS AS CONSULTANT TO CONDUCT STORE CLOSING SALES ACROSS BRANDS
BOSTON, Massachusetts – July 24, 2020 – Ascena Retail Group, Inc. (Nasdaq: ASNA) (“ascena” or the “Company”), a leading national specialty retailer for women’s and girls’ apparel, and SB360 Capital Partners, one of North America’s leading asset disposition...
OLD TIME POTTERY SELECTS SB360 TO CONDUCT CLOSING SALES IN SELECT OLD TIME POTTERY STORES
BOSTON, Massachusetts – July 2, 2020 – SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, announced the start of “Store Closing” sales today in select Old Time Pottery stores. Old Time Pottery retained SB360 as...
GOING OUT OF BUSINESS SALES RESUME AT 107 MODELL’S SPORTING GOODS LOCATIONS
NEW YORK, New York – June 25, 2020 – With retailers resuming in-store operations following the months-long COVID-19 pause, shoppers from across the Northeast and Mid-Atlantic will find liquidation discounts on top-name sporting goods, footwear and apparel...
SECOND AVENUE CAPITAL PARTNERS AND CIT NORTHBRIDGE CLOSE ON A $60 MILLION CREDIT FACILITY TO STOCK+FIELD
BOSTON, Massachusetts and NEW YORK – June 10, 2020 – Second Avenue Capital Partners, LLC (“SACP”) and CIT Northbridge Credit (“CIT Northbridge”) announced the closing of a $60,000,000 senior secured credit facility to Stock+Field, a premier farm, home, and outdoor...
NATURAL DISASTERS, TERRORISM, TRADE WARS, AND PANDEMICS – AND YET, RETAIL PERSISTS
Penned by Aaron Miller and Siegfried Schaffer for the Journal of Corporate Renewal
First came subprime mortgages, the ensuing financial crisis, and the Great Recession. Then predictions came of a retail apocalypse caused by the Amazon effect. Despite years of grim headlines predicting the demise of …
SECOND AVENUE CAPITAL PARTNERS HELPS BUSINESSES NAVIGATE THE ROAD TO RECOVERY FROM THE IMPACT OF COVID-19
The COVID-19 outbreak has impacted families, communities, and businesses around the globe. Fluid, ever-changing conditions have increased the level of uncertainty. During these trying times, Second Avenue Capital Partners is well-positioned and committed to helping...
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…
SECOND AVENUE CAPITAL PARTNERS PROVIDES A $17 MILLION CREDIT FACILITY TO CROWN & CALIBER
BOSTON, Massachusetts – April 21, 2020 – Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com) announced it has closed on a $17,000,000 senior secured credit facility to Crown & Caliber, an online marketplace leader in authenticated pre-owned luxury...
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...
SB360 CAPITAL PARTNERS ADDS NEW HIRES AS GROWTH AND EXPANSION CONTINUE
BOSTON, Massachusetts – February 25, 2020 – SB360 Capital Partners, one of North America’s leading asset realization and advisory firms, is pleased to announce two new additions to our team of professionals in the Boston corporate office. Adam Milton joins SB360 as a...
SB360 CAPITAL PARTNERS ANNOUNCE RECIPIENTS OF 2019 DAVID M. BERNSTEIN LEADERSHIP AND MERCHANT AWARD
This November marked the 2nd anniversary of the passing of David M. Bernstein, President of our predecessor company, SB Capital Group. David was among the founders of the retail liquidation industry back in the 1970s. David had a passion for merchandise and...
OLYMPIA SPORTS SELECTS SB360 AS EXCLUSIVE AGENT TO CONDUCT CLOSING SALE FOR 76 STORES
WESTBROOK, Maine – October 31, 2019 – Olympia Sports, the prominent Maine based athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive agent to conduct “Store Closing” sales in 76 stores. Olympia, which was...
SECOND AVENUE CAPITAL PARTNERS IS CO-AGENT FOR $40 MILLION FACILITY TO JACKRABBIT
BOSTON, Massachusetts – October 29, 2019 – Second Avenue Capital Partners LLC (“SACP”) and Crystal Financial LLC (“Crystal”) announced the closing of a $40,000,000 Senior Credit Facility for JackRabbit (“JackRabbit” or the “Company”), a leading omni-channel...
FRED’S INC. TAPS SB360 AS EXCLUSIVE CONSULTANT TO CONDUCT CLOSING SALES IN REMAINING 81 STORES
BOSTON, Massachusetts – September 11, 2019 – Fred’s Inc., a discount value retailer, has once again tapped SB360 Capital Partners as their exclusive consultant to conduct Store Closing Sales in all 81 remaining Fred’s locations. SB360 Capital Partners (www.sb360.com),...
SECOND AVENUE CAPITAL PARTNERS IS CO-AGENT FOR $16 MILLION FACILITY TO MAROLINA OUTDOOR
BOSTON, Massachusetts and SAN FRANCISCO – August 13, 2019 – Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com), and White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, have closed on a $16,000,000...
SB360 AND HILCO TO CONDUCT GOING OUT OF BUSINESS SALES AT ALL 54 A’GACI STORES
SAN ANTONIO, Texas – August 8, 2019 – A’GACI, an innovator in the fast fashion apparel industry since 1971, is closing all 54 stores in the US and Puerto Rico. A’GACI filed for Chapter 11 Bankruptcy protection this morning and retained a joint venture of SB360 Capital...
SB360 AND HILCO MERCHANT RESOURCES CLOSING ALL 261 CHARMING CHARLIE STORES
CHICAGO, Illinois – July 13, 2019 – CHARMING CHARLIE will begin offering huge discounts at their closing sales today. The jewelry and accessories retailer filed for Chapter 11 bankruptcy Thursday, July 11, 2019 with plans to close all of their 261 stores in 38 states....
SB360 RENEWS AGREEMENT TO CONDUCT STORE CLOSING SALES IN 129 ADDITIONAL FRED’S INC. STORES
BOSTON, Massachusetts – July 12, 2019 – SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has renewed their agreement to work as the exclusive consultant to conduct “Store Closing” Sales for Fred’s Inc., and will...
SB360 CONTINUES AS EXCLUSIVE CONSULTANT TO CONDUCT STORE CLOSING SALES IN 49 FRED’S STORES
BOSTON, Massachusetts – June 21, 2019 – In an ongoing effort to rationalize their store footprint, Fred’s Inc., has once again tapped SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, as the exclusive consultant to...
SB360 RETAINED BY FRED’S INC. TO CONDUCT ADDITIONAL STORE CLOSING SALES AT 104 FRED’S STORES
BOSTON, Massachusetts – May 16, 2019 – SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has once again been retained by Fred’s Inc. as the exclusive consultant to conduct “Store Closing” Sales in 104 additional...
SECOND AVENUE CAPITAL PARTNERS IS CO-AGENT FOR $35 MILLION FACILITY TO CHARMING CHARLIE
BOSTON, Massachusetts and SAN FRANCISCO – April 18, 2019 – Second Avenue Capital Partners, LLC “(SACP”) (www.secondavecp.com), and White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today the closing of a...
SB360 TO CONDUCT STORE CLOSING SALES AT CERTAIN FRED’S STORES THROUGHOUT THE SOUTHEAST
BOSTON, Massachusetts – April 11, 2019 – SB360 Capital Partners (www.sb360.com), one of North America’s leading asset disposition specialists, has been retained as the exclusive consultant to conduct “Store Closing” Sales and other clearance events for Memphis based...
CHARLOTTE RUSSE STORES RECEIVING FINAL SHIPMENTS AS STORES WRAP UP GOB SALE
SAN FRANCISCO, California – March 20, 2019 – The final shipments of fresh new spring Charlotte Russe merchandise are arriving in stores this week. As the Charlotte Russe stores head into their last 10 days of a “Going Out of Business” sale, associates are...
SB360 TO CONDUCT GOING OUT OF BUSINESS SALES AT ALL 416 CHARLOTTE RUSSE STORES
SAN FRANCISCO, California – March 7, 2019 – After 44 years, fast-fashion retailer Charlotte Russe is going out of business and closing all of the company’s remaining 416 store locations. A U.S. Bankruptcy Court judge in Delaware approved an order naming SB360 Capital...
SECOND AVENUE CAPITAL PARTNERS PROVIDES $20 MILLION SECURED FACILITY TO THE NEW FALLAS STORES
BOSTON, Massachusetts – November 27, 2018 – Second Avenue Capital Partners, LLC, (www.secondavecp.com) announced the closing of a $20,000,000 asset based credit facility to help fund the purchase and on-going working capital needs of a new entity under the banner of...
TOWN SHOES CANADA TAPS SB360 CAPITAL PARTNERS TO CONDUCT CLOSING SALE
TORONTO, Ontario – November 8, 2018 – Town Shoes Canada, a trend setting mid-luxury footwear retailer, has retained SB360 Capital Partners LLC (www.sb360.com), to assist in the closure of all 28 stores operating as Town Shoes and the Town Shoes ecommerce platform....
ABG PARTNERS WITH JAY SCHOTTENSTEIN TO PREVAIL AT THE THOMASVILLE AND BROYHILL AUCTION
NEW YORK, New York – October 19, 2018 – Authentic Brands Group (ABG), a global brand owner, marketing, and entertainment company, today announced that it has joined with Jay Schottenstein to emerge as the successful bidder to purchase the intellectual property...
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...
SB360 CAPITAL PARTNERS CHOSEN TO CONDUCT STORE CLOSING SALES FOR THOMASVILLE & CO.
BOSTON, Massachusetts – September 14, 2018 – SB360 Capital Partners LLC (SB360), one of North America’s leading asset realization firms, has been chosen by Heritage Home Group LLC (HHG) to assist HHG in conducting sales of the inventory from their Thomasville &...
HERITAGE HOME GROUP LLC ANNOUNCES STALKING HORSE AGREEMENT FOR BROYHILL and THOMASVILLE & CO. BRANDS
HIGH POINT, North Carolina – August 31, 2018 – Heritage Home Group LLC (“HHG” or the “Company”) today announced that it and its affiliates have signed an agreement for a newly-formed entity of Authentic Brands Group and SB360 Capital Partners LLC (the...
SECOND AVENUE CAPITAL PARTNERS REACHES AGREEMENT TO PROVIDE EXIT FINANCING FOR A’GACI
BOSTON, Massachusetts – August 20, 2018 – Second Avenue Capital Partners, LLC, announced it has provided a $12,000,000 revolving line of credit to A’GACI, LLC, a young women’s lifestyle brand and fast fashion retailer. Proceeds from the credit facility will be used as...
SECOND AVENUE CAPITAL PARTNERS CLOSES CREDIT FACILITY WITH TOMMIE COPPER
BOSTON, Massachusetts – May 16, 2018 – Second Avenue Capital Partners, LLC, (SACP) announced it has provided a senior secured credit facility to Tommie Copper, the innovative authority in creating premium patented copper compression products. The credit facility will...
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,...
SB360 CAPITAL PARTNERS UNVEIL NEW LIQUIDATION AND ASSET REALIZATION PLATFORM
(NEW YORK, New York) – April 13, 2018 – Two of America’s leading asset disposition firms, SB Capital Group, LLC, and 360 Merchants Solutions, LLC, announced today they formed a new entity, SB360 Capital Partners (“SB360”) to jointly operate their businesses. SB360 is...
Fashion to Figure Receives Court Approval to Begin “TOTAL LIQUIDATION SALE”
NEW YORK, New York – November 22, 2017 – On Wednesday, a U.S. Bankruptcy Court judge in New Jersey approved an order authorizing a joint venture of SB Capital Group, LLC, and 360 Merchant Solutions, LLC, to conduct “Total Liquidation” sales in each of the Fashion to...
“Total Inventory Blowout” Begins in Privately-held Chain of Dollar Stores
GREAT NECK, New York – April 7. 2017 – A privately-held group of dollar stores announced it would begin a total liquidation of inventory in more than 300 stores in 36 states, as well as a distribution center that services those stores. The owners of the chain retained...
Offenbachers Receives Approval to Begin Going Out of Business Sale in All Stores
LANHAM, Maryland – October 26, 2016 – After more than 44 years in business, Offenbachers, a regional retailer of patio furniture, grills, fireplaces, and recreational products, announced the wind-down of the Company with the closing of all eight stores in...
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...