Great American Group to close all Jones New York Factory Stores in Canada
17 Jun, 2016, 13:58 ET
LOS ANGELES, June 17, 2016 /CNW/ -- Great American Group (GA), a leading provider of advisory and valuation services, asset disposition and auction solutions and a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), announced today that it will close all 37 Jones New York factory stores in Canada.
"Great American Group's history of working with the brand through our appraisal services has given us leverage in knowing their merchandise, and our experience working with fashion retailers means we understand their customers," explained Scott Carpenter, President of GA's Retail Solutions division. "Over the next several weeks we will work to quickly sell through the apparel and accessories while maximizing its value."
The store closing sales started June 14, 2016 and are expected to last several weeks before all of the merchandise is sold in the store locations. Customers can expect to see initial discounts up to 40% off all apparel and accessories regular priced and clearance priced. Select furniture, fixtures and equipment at stores and distribution centers will also be available for sale.
To find a store closing sale location near you, click here.
Great American Group has developed an extensive retail disposition expertise after working with specialty retailers for over 40 years. GA's strategy includes creating marketing plans to drive traffic and attract customers to yield a quick and efficient exit for store locations.
About Great American Group, LLC
Great American Group, LLC is a leading provider of advisory and valuation services, asset disposition and auction solutions. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. For more information about Great American Group, visit www.greatamerican.com or call 818-884-3737.
Great American Group is a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), a diversified provider of collaborative financial and business advisory services through several subsidiaries, including: B. Riley & Co. LLC, a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients; Great American Group, LLC; B. Riley Capital Management, LLC, an SEC registered Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, a provider of senior secured loans and second lien secured loan facilities to middle market public and private U.S. companies.
B. Riley Financial, Inc. is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, Inc., visit www.brileyfin.com.
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SOURCE Great American Group
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