Joint venture partners Gordon Brothers, and Hilco Merchant Resources announced that they have commenced going-out-of-business sales at GUMP’S department store located in San Francisco’s famous Union Square shopping district. Going-out-of-business sales will also include significant discounts on merchandise featured on www.gumps.com and catalog goods.

Gump’s, which dates back to 1861, filed for Chapter 11 bankruptcy protection on August 3rd. The legendary department store features premier luxury gifts, jewelry, apparel, artful objects and home décor. In addition, the company has a direct-to-consumer division, which includes a website and catalog, showcasing everything from exquisite jade and freshwater pearls to the best in cut crystal, tabletop design, and holiday décor.

“Our customers have an opportunity to purchase the high-quality items they have come to expect from Gump’s at the lowest prices ever offered,” said Tony Lopez, Chief Operating Officer, Gump’s. “We hope our loyal customers will all visit the store, website or catalog early for the best selection.”

“Customers are encouraged to shop both the Union Square store, website and catalog for this rare opportunity to purchase top products at liquidation prices,” said a spokesperson from the joint venture. “Due to the well-known name and goodwill of this brand, we encourage consumers to shop early to take advantage of the best selection of products. We expect merchandise to sell very quickly.”

Gift cards and registry credits will be honored until August 31, 2018.

Previously on ABL Advisor:
Retailer Gump’s Files Chapter 11; Hilco, Gordon Brothers to Manage Liquidation of Merchandise