TABI Closing All 76 Locations

    <<
    Store Closing Sales Underway with Savings from 20% to 40% off Original
    Prices on a Huge selection of Ladies' Apparel




    >>

BOSTON, April 2, 2011 /CNW/ -- After 30 years as a leading Canadian retailer, TABI is closing all 76 stores. The store closing sales began on Friday, April 1, 2011 and will continue until all merchandise has been sold.

TABI has filed a Notice of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act and Farber Financial Group was appointed as Proposal Trustee and Receiver to assist the Company in this process.

Consumers will find terrific savings starting at 20% to 40% off original prices on all apparel including all women's classic shirts, sweaters and cardigans, TABI's Wilson pant, skirts, denim, activewear and accessories. In addition, store fixtures such as apparel racks, shelving, cabinets and more are also for sale.

"As a way of expressing our appreciation for their years of patronage, we hope that our customers take advantage of our timeless garments at incredible prices," said the company spokesperson of TABI. "We thank our customers and hope that the savings found at all stores serve as a thank you to them for their great loyalty over the years."

A joint venture consisting of Hilco Merchant Resources and Gordon Brothers Group are running the store closing sales on TABI's behalf.

"Within TABI's signature blue doors, customers will find new spring arrivals of quality merchandise such as Canada's Favourite Cotton Sweater and the Wilson pant," Jeff Paronto, Chief Operating Officer of Hilco Merchant Resources and Lee Cote, Principal of Gordon Brothers Group jointly stated. "Merchandise will sell out quickly so we encourage customers to shop early when the broadest selection of merchandise is available."

Look for the Blue Door at the 76 TABI locations across Canada or visit the website www.tabi.ca for a nearby location.

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    About Hilco Merchant Resources
    >>

Based in Northbrook, IL, Hilco Merchant Resources (www.hilcomerchantresources.com) provides high-yield analytical, operational, asset monetization, capital investment and advisory services to help retailers define and execute their strategic initiatives. Activities fall into seven principal categories: acquisition or disposition of duplicative or underperforming stores; retail company or division wind downs, event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management; loss prevention; and, monetization of furniture, fixtures and equipment. Over the years, Hilco principals have disposed of assets valued in excess of $150 billion. Hilco Merchant Resources is part of the Hilco organization, a provider of asset valuation, acquisition, disposition and advisory services to an international marketplace through twenty specialized business units. Also headquartered in Northbrook, IL, Hilco maintains offices in major business centers throughout North America and Europe. For more information please visit: (www.hilcotrading.com).

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    About Gordon Brothers Group
    >>

Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion in transactions and appraisals annually.

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    ABOUT FARBER FINANCIAL GROUP

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Farber Financial Group (www.farberfinancial.com) provides specialty financial services for rescuing, refinancing and rebuilding businesses, including: corporate insolvency and restructuring, forensic accounting, fraud investigations, distressed financial advisory services, corporate finance, mergers & acquisitions, business strategy & valuations, turnarounds, CFO interim management and opportunity assessments. Farber is based in Toronto, Canada and is internationally a member of BGT Global Network.

NOTE TO EDITORS: STORE LOCATION LIST FOLLOWS

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       Store Closing Sales in Progress at All TABI
                        Locations:
    >>

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                          Name
                         Address
                          City
                        Province


    >>

    <<
    Sunnyside Mall
    1595 Bedford Highway Unit 38
    Bedford
    NS
    >>

    <<
    Halifax Shopping Ctr
    7001 Mumford Road Unit 248
    Halifax
    NS
    >>

    <<
    Parklane Mall
    5657 Spring Garden Rd Unit 201
    Halifax
    NS
    >>

    <<
    Mayflower Mall
    800 Grand Lake Rd. Unit 29
    Sydney
    NS
    >>

    <<
    Confederation Ct Mall
    134 Kent St.
    Charlottetown
    PE
    >>

    <<
    Regent Mall
    1381 Regent Mall Unit I -11
    Fredericton
    NB
    >>

    <<
    Mcallister Place
    519 Westmoreland Rd. Unit J-017-A
    Saint John
    NB
    >>

    <<
    Avalon Mall
    48 Kenmount Rd Unit 470
    St. John's
    NL
    >>

    <<
    Lougheed Town Centre
    9855 Austin Road Unit 133/134
    Burnaby
    BC
    >>

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    Woodgrove Centre
    6631 North Island Hwy Unit 93
    Nanaimo
    BC
    >>

    <<
    Coquitlam Centre
    2929 Barnet Highway Unit 2326
    Port Coquitlam
    BC
    >>

    <<
    Kerrisdale
    2138 West 41St Avenue
    Vancouver
    BC
    >>

    <<
    Hillside Centre
    1644 Hillside Ave Unit 39
    Victoria
    BC
    >>

    <<
    Broadmead Village
    777 Royal Oak Drive Unit 250
    Victoria
    BC
    >>

    <<
    Park Royal S.C.
    825 Park Royal North Unit 600
    W Vancouver
    BC
    >>

    <<
    Cottonwood Mall
    45585 Luckakuck Way Unit 16
    Chilliwack
    BC
    >>

    <<
    Willowbrook Sc
    19705 Fraser Hwy Unit 451
    Langley
    BC
    >>

    <<
    Semiahmoo S.C.
    1711-152 Street Unit 17
    White Rock
    BC
    >>

    <<
    Aberdeen Mall
    1320 Trans Canada Hwy Unit 128
    Kamloops
    BC
    >>

    <<
    Orchard Park S.C.
    2271 Harvey Ave Unit 1005
    Kelowna
    BC
    >>

    <<
    Village Green Mall
    4900 27Th Street Unit 450
    Vernon
    BC
    >>

    <<
    Cherry Lane Sc
    2111 Main Street Unit 119
    Penticton
    BC
    >>

    <<
    Southgate Sc
    5015 111Th Street NW Unit 426-A
    Edmonton
    AB
    >>

    <<
    Edmonton City Centre
    10200-102 Avenue Unit D-223
    Edmonton City
    AB
    >>

    <<
    Crossiron Mills
    261005 Crossiron Blvd Unit 146
    Rocky View
    AB
    >>

    <<
    Sherwood Park Mall
    2020 Sherwood Drive Unit 19-A
    Sherwood Park
    AB
    >>

    <<
    St. Albert Centre
    375 St. Albert Road Unit 187
    St. Albert
    AB
    >>

    <<
    Cascade Plaza
    317 Banff Avenue Unit M18
    Banff
    AB
    >>

    <<
    Chinook Centre
    6455 Macleod Trail Unit 138
    Calgary
    AB
    >>

    <<
    Market Mall
    3625 Shaganappi Trail N.W. Unit F-002B
    Calgary
    AB
    >>

    <<
    Southcentre Mall
    100 Anderson Road Se Unit 223
    Calgary
    AB
    >>

    <<
    Medicine Hat Mall
    3292 Dunmore Road Se Unit 112-A
    Medicine Hat
    AB
    >>

    <<
    Brandon Shoppers Mall
    18Th Street & Richmond Ave Unit 42/43
    Brandon
    MB
    >>

    <<
    Polo Park Mall
    1485 Portage Ave Unit 271
    Winnipeg
    MB
    >>

    <<
    St. Vital S.C.
    1225 St. Mary's Road Unit 35
    Winnipeg
    MB
    >>

    <<
    Southland S.C.
    2965 Gordon Road Unit 63
    Regina
    SK
    >>

    <<
    Lawson Heights
    134 Primrose Drive Unit 58
    Saskatoon
    SK
    >>

    <<
    Intercity Sc
    1000 Fort William Road Unit D-18
    Thunder Bay
    ON
    >>

    <<
    Carlingwood Mall
    2121 Carling Drive Unit 9
    Ottawa
    ON
    >>

    <<
    St. Laurent S.C.
    1200 St. Laurent Blvd. Unit 105
    Ottawa
    ON
    >>

    <<
    Billings Bridge Plaza
    2269 Riverside Drive Unit 114
    Ottawa
    ON
    >>

    <<
    Hazeldean Mall
    300 Eagleson Road Unit 32-A
    Kanata
    ON
    >>

    <<
    Bayshore Shopping Ctr
    100 Bayshore Drive Unit Dd2
    Nepean
    ON
    >>

    <<
    Place D'Orleans
    110 Place D'Orleans Unit 750
    Orleans
    ON
    >>

    <<
    1000 Islands Mall
    2399 Parkdale Avenue West Unit 25
    Brockville
    ON
    >>

    <<
    Belleville Quinte Mall
    390 North Front St Unit D-7
    Belleville
    ON
    >>

    <<
    Lansdowne Place
    645 Lansdowne St. W. Unit 57
    Peterborough
    ON
    >>

    <<
    Oshawa Centre
    419 King Street West Unit 2415
    Oshawa
    ON
    >>

    <<
    Pickering Tc
    1355 Kingston Rd. Unit 184
    Pickering
    ON
    >>

    <<
    Markville Mall
    5000 Hwy #7 (At Mccowan) Unit 33
    Markham
    ON
    >>

    <<
    Hillcrest Mall
    9350 Yonge Street Unit D-4
    Richmond Hill
    ON
    >>

    <<
    Niagara-On-The-Lake
    23 Queen Street
    Notl
    ON
    >>

    <<
    Niagara-On-The-Lake 2
    92 Queen Street Unit 3-A/B
    Notl
    ON
    >>

    <<
    Pen Centre
    Glendale Ave At Hwy 406 Unit 91
    St. Catharines
    ON
    >>

    <<
    Seaway Mall
    800 Niagara Street Unit R35-36
    Welland
    ON
    >>

    <<
    Mapleview Centre
    900 Maple Avenue Unit Bb-10/11
    Burlington
    ON
    >>

    <<
    Lime Ridge Mall
    999 Upper Wentworth Unit 218
    Hamilton
    ON
    >>

    <<
    Downtown Oakville
    190 Lakeshore Road East
    Oakville
    ON
    >>

    <<
    Devonshire Mall
    3100 Howard Ave Unit N-3
    Windsor
    ON
    >>

    <<
    Stone Road Mall
    435 Stone Road West Unit E-3
    Guelph
    ON
    >>

    <<
    Fairview Park Mall
    2960 Kingsway Dr Unit M-5A
    Kitchener
    ON
    >>

    <<
    St. Jacob's Village
    1369-E King St North Unit E
    St. Jacobs
    ON
    >>

    <<
    Orangeville Mall
    150 First Street Unit 6/6-A
    Orangeville
    ON
    >>

    <<
    Georgetown Market  Place
    280 Guelph St Unit 25 C&D
    Georgetown
    ON
    >>

    <<
    Oakville Place
    240 Leighland Ave Unit 230
    Oakville
    ON
    >>

    <<
    Erin Mills Town Ctr
    5100 Erin Mills Parkway Unit B-227
    Mississauga
    ON
    >>

    <<
    Queen's Quay
    207 Queen's Quay West  Unit 135
    Toronto
    ON
    >>

    <<
    Bloor West Village
    2198 Bloor Street West
    Toronto
    ON
    >>

    <<
    Bayview Village
    2901 Bayview Ave Unit 44
    Willowdale
    ON
    >>

    <<
    Centerpoint Mall
    6464 Yonge Street Unit 107
    Toronto
    ON
    >>

    <<
    Georgian Mall
    509 Bayfield St Unit D-10
    Barrie
    ON
    >>

    <<
    Collingwood
    126 Hurontario Street Unit 101
    Collingwood
    ON
    >>

    <<
    Upper Canada Mall
    17600 Yonge Street Unit Ee-9B
    Newmarket
    ON
    >>

    <<
    Orillia Square
    1029 Brodie Drive Unit 31
    Orillia
    ON
    >>

    <<
    Heritage Place
    1350 16Th St. East Unit D-011
    Owen Sound
    ON
    >>

    <<
    New Sudbury S.C.
    1349 Lasalle Blvd Unit 19-A
    Sudbury
    ON





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SOURCE Gordon Brothers Group

For further information: Richard L. Kaye, Hilco Merchant Resources, +1-847-418-2711, rkaye@hilcotrading.com Web Site: http://www.gordonbrothers.com http://www.tabi.ca

Profil de l'entreprise

Gordon Brothers Group

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