Jim Schaye, CEO of Eaton Hudson announced his company is poised to assist smaller chain store retailers who may be contemplating store closings and consolidation sale events in the fourth quarter. “For smaller retail chains trying to evaluate the financial benefits and costs of conducting consolidation, store closing and liquidation sale events during the upcoming holiday shopping season, we suggest they contact us now for a confidential analysis, financial projections and proposal.”
Mr. Schaye noted that he has personally participated and led the liquidations and transactions for such high-profile retailers including Circuit City, JC Penney, Toys “R” Us, Service Merchandise, Saks Fifth Avenue, Kmart, Bradlees, and Caldor’s. “A small handful of larger liquidation companies dominate our space,” said Mr. Schaye. “We work with smaller retail chains and store owners who are greatly underserved when it comes to asset disposition services. We have our own niche.”
Launched by retail industry veterans of the Eaton Department Stores of Toronto (founded in 1869) and Hudson Capital Partners (est. 2004) and later joined by former executives of Silverman Consultants (est. 1945), Eaton Hudson has sold over $5 billion of inventory and merchandise including apparel, jewelry, fashion accessories, giftware, home furnishings, sporting goods and more.
Fulton Stokes, COO who manages the Company’s sales event field operations commented: “We know how to partner with store owners and work with vendors, financial sponsors, strategic buyers, managers, lenders and advisors to develop creative and transparent sale event structures that align interests, enhance liquidity and create positive outcomes. Each sale event we do is unique; there is no cookie cutter formula.”
The Company also has a division dedicated exclusively to assisting independent jewelry stores: Jewelry Advisors Group. Bob Epstein, CEO of the division said, “Jewelry Advisors Group offers sales strategies and direction to jewelry stores of every size. We apply proven strategies designed specifically for the jewelry business. We conduct promotional sales to increase revenue. We also are experts in running jewelry store closing, retirement and going out of business sale events."