Hilco Merchant Resources announced that it will manage the store closing process and run retail sales at 74 of the 344 National Stores. The specific stores that will be closing are currently branded as Fallas stores across the country. The store closing process is the result of the recently announced Chapter 11 Bankruptcy filing by parent company National Stores on August 6, 2018.  As part of the restructuring, management at the retail chain has conducted a store rationalization process resulting in the shutdown of these specific stores. 
 
Shoppers will find deep discounts starting immediately at the 74 Fallas stores across 18 states at the locations listed below. Significant reductions of 30% off the lowest ticketed prices begin immediately on a wide variety of items including school uniforms, backpacks, school supplies, lunch boxes, apparel and shoes for the whole family. Consumers can take advantage of tremendous savings on a full selection of merchandise in a wide range of styles and sizes.  The sale will also feature great deals on items such as furniture and other home goods.  Famous brand names in all departments will be on sale.
 
Ben Nortman, CEO at Hilco Merchant resources said, “These stores are well known in the local markets where they have served their communities for years.  The sale provides an opportunity for consumers to buy products at compelling discounts and we expect this will be a short sale. Consumers are encouraged to shop early for the best selection.”

Previously featured on ABL Advisor:
National Stores Files Chapter 11; Encina Business Credit Named Agent for up to $108MM DIP Commitment