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

Use of services, New orders received, Furniture & Furnishings Stores, Furniture and Home Furnishings Stores, Art Dealers, Auctioneers, Art Dealers, Gordon Brothers Corp., Article, Schottenstein Bernstein Capital Group

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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.

Marketing procedures, Furniture Stores

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