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Gordon Brothers Group Hilco Merchant Resources to Close All Deb Shops Stores

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Gordon Brothers Group Hilco Merchant Resources to Close All Deb Shops Stores

Information contained on this page is provided by an independent third party content provider. WorldNow and this Station make no warranties or representations in connection therewith.BOSTON, Jan. 8, 2015 /PRNewswire/ Gordon Brothers Group and Hilco Merchant Resources announced today that they will begin going out of business sales at all Deb Shops retail locations nationwide beginning Friday, January 9th. After over 80 years in business,Deb Shops, a Philadelphia based women fashion discount retailer, is closing its doors. The company filed for Chapter 11 protection on December 4, 2014. On January 7, 2015, Gordon Brothers Group and Hilco Merchant Cheap NFL Jerseys Resources were awarded the store closing process for all locations by the bankruptcy wholesale jerseys court. Deb Shops currently operates approximately 287 retail locations. Store closing sales will begin on January 9th and will involve discounts of 30 50% on all Junior and Plus Size apparel, including tops, sweaters, jeans, pants, dresses, activewear, outerwear, and lingerie. Store furniture, fixtures, and equipment will also be for sale."We thank our many customers and dedicated employees for their tremendous loyalty over the years and are very proud of our associates commitment to maintaining the high level of customer service we are known for throughout this transition," said Dawn Robertson, Chief Executive Officer, Deb Shops."While Deb Shops has a reputation for every day value, we encourage customers to take advantage of the significant additional discounts available during this time while the selection lasts," Rick Edwards, Co President, Gordon Brothers Group Retail Division stated."We anticipate that this will be a short sale due to the outstanding savings and the very desirable assortment of fashion and accessories. Consumers are encouraged to shop early to enjoy the greatest selection," said Mike Keefe, President and CEO Wholesale NFL Jerseys of Hilco Merchant Resources.Gordon Brothers Group and Hilco Merchant Resources will oversee the going out of Wholesale NFL Jerseys business sales on behalf of Deb Shops in all locations. Store locations will remain open until all merchandise has been sold.Deb Shops gift cards will be honored through Cheap Jerseys March 8th.About Deb ShopsFounded in 1932 in Philadelphia, Pennsylvania, Deb Shops originated as a discount hosiery and lingerie retailer under the name, JOY Hosiery. The Company was renamed "Deb Shops" in 1970 and re focused its strategy on selling women and girls fashion and accessories. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually. As of November 2014, debt financing is provided by Gordon Brothers Finance Company.

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