In The News

By David Moin, as published in WWD February 16, 2021

There’s a rapidly evolving agenda at Francesca’s, now fresh out of bankruptcy with new owners.

To widen the customer base, a tween collection, called franki by francesca’s , rolled out to 100 Francesca’s stores the first week of February after debuting on francescas.com last December.

Scott Bernstein, Stephen Miller, and Jay Schottenstein Proudly Announce the Recipients for 2020 As we embark upon a new year, it is once again time to award the David M. Bernstein Leadership and Merchant Award for outstanding contributions to the success of SB360...

HOUSTON, Texas – February 1, 2021 – Francesca’s Holdings Corporation (the “Company”) and Francesca’s Acquisition LLC, an affiliate of TerraMar Capital LLC (“TerraMar”), today announced, after a fulsome auction and sale process under Section 363 of the...

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...

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...

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...

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...

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...

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....

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...

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.

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.

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...

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...

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...

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...

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 …

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...

“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 …

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…

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...

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...

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...

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...

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...

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...

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),...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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 &...

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...

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...

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...

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,...

(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,...

(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...

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...

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...