Levitz picks new liquidators
Article Abstract:
Levitz of Boca Raton, FL, has chosen Schottenstein Bernstein Capital Group of Great Neck, NY, and Gordon Bros. Retail Partners of Boston, MA, to conduct the divestiture of 13 non-earning outlets starting in mid-July 1998. The two liquidation specialists have submitted a higher bid than what Hilco/Great American Group and Gene Rosenberg Associates, the formerly named liquidators, have given. Under the new terms, Levitz will be paid 94% of the landed cost value of its stock and 1% of any additional merchandise sold, a deal that is about 1.5% higher than the previous bid.
Comment:
Has been chosen by Levitz of Boca Raton, FL, as one of its new liquidators for 13 non-performing outlets
Publication Name: Furniture-Today
Subject: Home furnishings industry
ISSN: 0194-360X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Levitz sees rebound after 'terrible June'
Article Abstract:
Levitz Furniture Corp has stepped up its marketing efforts to boost store sales, which have declined 17.3% in Jun 1997. Part of Levitz' marketing strategy is contracting of a new advertising agency, New York, NY-based Bozell Retail. The company also hired Bob Homler, former executive VP of Macy's East Homestore, to head its merchandising/marketing department. Homler replaced Ed Gilligan, who resigned in Dec 1995.
Publication Name: Furniture-Today
Subject: Home furnishings industry
ISSN: 0194-360X
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Licensing show bustles. Licensed lines star at textiles market. Carseat Couture makes show debut
- Abstracts: Leather keeps accent on fashion. Leather sources look for uptick in business. Market roundup
- Abstracts: Seminar: U.S. companies should build factories in China. Leather sources head east
- Abstracts: Sateri execs answer questions about FR. Saylors builds two chains in Chicago
- Abstracts: Specialty bedding grew while we slept. Carl Levine dies at 75. Griest leaves president's post at Century's Expressions