National casual home furnishings retailer hires Tiger Capital Group to manage store closings

FOR IMMEDIATE RELEASE

February 4, 2011

LOS ANGELES—Asset valuation and disposition firm, Tiger Capital Group, LLC, has been hired by one of the country’s largest home goods and home furnishings retail chains to manage closing store locations throughout the United States.

Over the past three years, Tiger has aided the chain in paring down company-wide inventory levels. About $55 million at cost of inventory in over 53 stores has been liquidated as part of the closings thus far. The latest round of sales commenced in January 2011 and is expected to conclude sometime later this spring.

Tiger Group has assisted in closing similar retailers in the past, including Linens ‘N Things, Levitz, Wicks Furniture, Sofa Express and Kitchen Etc.

 

About Tiger: Tiger provides comprehensive advisory, valuation, auction, management, and disposition services for a broad range of retail, wholesale, and industrial companies. Over the past 30 years, Tiger has managed more store closings than any other business in the industry and has provided inventory appraisals, auctions and disposition services on behalf of a wide range of industries. The company’s focus is to help businesses, asset-based lenders and other financial institutions understand the underlying value of inventory and equipment; to provide key monitoring advice; and, when needed, disposition services.

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