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Gordon Bros., Hilco and Tiger to Manage RadioShack Closing Sales

Date: Feb 09, 2015 @ 07:50 AM
Filed Under: Industry News

Store closing sales started today at over 1,700 RadioShack locations throughout the country. RadioShack, one of America's largest consumer electronics retailers, filed for Chapter 11 Bankruptcy Protection and has engaged a joint venture comprising Hilco Merchant Resources, Gordon Brothers Group and Tiger Capital Group to manage its store closing process.

Discounts of up to 50% off original prices are being offered at all closing locations on the entire inventory of top brand headphones and speakers, wearable technology, smart toys, connected home, power accessories, home entertainment and much more. RadioShack's huge selection of electronic components, batteries, and everything for the hobby and electronics enthusiast is now also on sale at compelling price reductions.

A spokesperson for the joint venture said, "RadioShack is well known for carrying an incredible range of merchandise and consumers are encouraged to take advantage of the fantastic deals right away while the selection is best. Deep discounts coupled with the high demand for consumer electronics merchandise will make this a very short sale."

Store fixtures and equipment are also available for sale at the closing locations.

Hilco Merchant Resources provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer's strategic initiatives.

Founded in 1903, Gordon Brothers Group is a global advisory, restructuring and investment firm specializing in the retail, consumer products, and industrial and real estate sectors.

Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients.

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