Robb & Stucky liquidation sales underway
Inventory valued at about $90 million
Larry Thomas -- Furniture Today -- Home Accents Today, 3/15/2011 9:38:05 AM
FORT MYERS, Fla. - Court-ordered liquidation sales began late last week at all 20 Robb & Stucky locations - less than a month after the high-end, Furniture/Today Top 100 retailer filed for Chapter 11 bankruptcy protection.
It isn't clear how long the going-out-of-business sales will last, but once they're completed, the stores will be closed, said Jim Schaye, CEO of Hudson Capital Partners, the liquidation firm that teamed with Hyperams to submit the winning bid for the retailer's inventory.
Hudson said the inventory is valued at about $90 million, but did not say how much the liquidators expected to raise from the GOB sales.
Secured creditors are owed nearly $35 million. It's not clear if any of the money will go to unsecured creditors or consumers who placed deposits for furniture they never received.
The affected stores are in Florida, Texas, Arizona and Nevada.
The retailer filed for bankruptcy protection on Feb. 18.
We would love your feedback!
-
Court approves liquidator's bid for Robb & Stucky
Mar 10, 2011 -
Robb & Stucky bankruptcy auction set for March 7
Mar 8, 2011
JC Penney's ‘Home World' to include Michael Graves, Jonathan Adler, Terence Conran, Bodum, Martha Stewart
Dallas Market Center announces showroom expansions
Home decor is big business at online retailer Hautelook.com
Pier 1 Imports announces three-year growth plan, fiscal 2012 results
Macef International Home Show set for September
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
Most Recent Resources
- Getting the most out of offline leads
- Free Shipping and the Importance of Onsite Promotion
- Should Branded Manufacturers Participate in Flash Sales?
- Rugs 101 - Special Edition
- How Big Is Your Label
- Choosing a Web Site Developer
- Convergence: Tie Your Online & Offline Experience...
- Social Networks to Social Shopping
- Why Brands and Their Retailers are Facebook’s Biggest...
- Web Based Intelligence Gathering
- The Future of Tablets
- Shopatron: Bicycles & eCommerce
- A Guide to Holiday eCommerce Success
- Mattress Buying 101 - Connecting with Consumers
- Designing Your Brand’s Website for eCommerce
- Global Sourcing in 2010: Doing More With Less
- Comparing Four Options for Turning Web Site Traffic into...
- Are You Prepared for the 2009 Holiday Season? A Branded...
- Design, Develop, Deliver: The Three D's to Digitally...
