Home / Knowledge / News / Fashion / Mervyns to liquidate remaining 149 stores
Mervyns to liquidate remaining 149 stores
04
Nov '08
Mervyns, a Hayward CA based company has decided to call it quits and liquidate their remaining 149 stores. The liquidation sales will begin immediately and will be the focus for all shoppers looking for heavy discounts going into the holiday shopping season.

The going-out-of-business sale will be conducted by a joint venture group consisting of Great American Group, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners, LLC. The sale is expected to last 8 weeks with some stores closing sooner.

Mervyn's is an American department store chain that carries national brands of clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares.

“During its nearly 60 years in business, Mervyn's has become a Southwest landmark, known to consumers for style, quality and value,” said Harvey Yellen, Chairman of Great American Group. “The going out of business sale will offer the general public, as well as the thousands of loyal Mervyn's customers, a final opportunity to acquire the quality merchandise that Mervyn's was known for, all at significant discounts.”

Inventory valued at approximately $900 million will be liquidated to the bare walls. In Mervyn's long and storied history, shoppers will find tremendous savings on everything in the stores including extensive selections of the many great brands of apparel and shoes for the entire family, as well as a great selection of home fashions and housewares.

Great American Group, SB Capital, Tiger Capital, and Hudson Capital Partners, all provide services focused on turning excess inventory into immediate cash through strategic retail store-closings.

Mervyns


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search