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Western apparel retailer holds going out of business sales
28
Nov '08
BTWW, a specialty retailer of western apparel, footwear and work wear, has announced a final liquidation sale on all merchandise at its remaining 78 retail locations. The going out of business sale will be managed by a consortium of asset recovery firms including Great American Group, LLC; Hudson Capital Partners, LLC; SB Capital Group, LLC; and Tiger Capital Group, LLC. The liquidation sale will be conducted under the orders of the U.S. Bankruptcy Court, which is supervising the BTWW bankruptcy proceedings.

The final liquidation sale will begin on Wednesday, November 26, 2008. Merchandise will include western and work wear apparel and boots for the family, as well as additional accessories including belts and hats in all of the remaining stores under the BTWW umbrella. These stores include Boot Town, Corral West, Western Warehouse, Sergeant's, Job Site and Work Wear Depot.

“We are liquidating $70,000,000 million worth of merchandise from the largest seller of western apparel, footwear and accessories over the next several weeks. With the holiday season upon us, we are anticipating the merchandise to move quickly, as the sale offers consumers an excellent opportunity to buy great holiday gifts at substantial discounts,” said Jim Schaye, President and CEO of Hudson Capital Partners.

Dan Kane, Principal of Tiger Capital continued, “For years, consumers have looked to BTWW for its leading brands including Tony Lama, Justin, Carhartt and Resistol as well as other well known brands. In addition to liquidating the entire inventory, all store fixtures throughout the chain will also be sold.”

The consortium of asset recovery firms represents the largest liquidation group in the country and is currently managing the going out of business sales for both Mervyn's and Steve & Barry's.

BTWW has been operating under Chapter 11 of the Bankruptcy Code since November 3, 2008 (U.S. Bankruptcy Court, Northern District of Texas, Case # 0835725-BJH-11).

Based in Cheyenne, Wyoming, BTWW is the largest specialty retailer of western apparel and footwear in the United States. With 78 stores in 16 states including Arizona, Colorado, Georgia, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Washington and Wisconsin, BTWW owns and operates retail locations under the Boot Town, Corral West, Western Warehouse, Sergeant's, Job Site and Work Wear Depot names.

BTWW

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