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Gordon Brothers, Hilco Global Lead Store Closing Sales at Remaining Wet Seal Locations

February 09, 2017, 06:52 AM
Filed Under: Retail

The joint venture comprised of Boston-based Gordon Brothers and Chicago-based Hilco Global, announced that they have begun the store closure process for the remaining 137 Wet Seal stores and ecommerce website as part of Wet Seal’s bankruptcy proceedings. Sales, including all merchandise, fixtures and equipment,  will run while inventory lasts. Customers are encouraged to take this opportunity to receive incredible savings of 40-60% off the great selection of apparel that they have come to expect from Wet Seal.

Wet Seal, known for a surf-and-sun aesthetic that peaked with young consumers in 2002, hoped for a second life when it emerged as a private company with the aid of new ownership. Unfortunately, Wet Seal's decline continued and they were unable to obtain the necessary capital or identify a strategic partner resulting in a final bankruptcy filing on February 2, 2017.

A spokesman for the joint venture said, “Since 1962, Wet Seal has been a pioneer in fast fashion retailing offering trendy apparel designed for teen girls and young women of all sizes. We are offering major discounts on the most popular merchandise so customers have a final opportunity to purchase their favorite items. Deep discounts will make for a short sale. Consumers are encouraged to take advantage of this outstanding savings opportunity and to shop while the selection is best.”

Furniture, fixtures and equipment also available for sale.

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