Tiger Capital Group teams with women’s fashion retailer to hold store closing sales throughout U.S.FOR IMMEDIATE RELEASE December 2010 BOSTON—Leading asset valuation and disposition firm, Tiger Capital Group, LLC, has been retained by one of the country’s most popular women’s fashion retail chains to manage the closing of over 183 store locations throughout the United States and Puerto Rico.World-known for its luxury women’s apparel offerings that include both formal dresses and casualwear, the chain’s store closings within one of its value-based specialty concepts is expected to aid the business in its goal to pare down inventory units to optimal levels while renewing its focus on core collections at its more profitable boutiques. “The company’s inventory offerings have historically performed very well in the younger women’s and teenage fashion marketplace,” said Tiger’s managing director, Michael McGrail. “We anticipate that the discounts offered on this merchandise will generate a significant amount of interest with consumers because of its reputation and popularity, particularly within the niche to which the product is marketed.” Store closing sales at the 183-plus locations are expected to conclude sometime in January 2011.
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. |