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Great American Group and Tiger Capital Group to Liquidate 132 HHGregg Stores

April 12, 2017, 07:15 AM
Filed Under: Bankruptcy

Great American Group, LLC, a leading provider of advisory and valuation services and a subsidiary of B. Riley Financial, Inc., and Tiger Capital Group, LLC, which provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients, announced that they have engaged with HHGregg, a consumer electronics and home appliances retailer, to facilitate the orderly exit of all 132 HHGregg stores across the United States.

The store closing sales began on April 7, 2017 and are expected to last several weeks before all merchandise is sold in the store locations. Customers can expect to see initial discounts of up to 30% off HHGregg's entire selection of electronics, appliances and furniture, as well as trade fixtures and store equipment.

"Over the next several weeks, we will work to quickly sell through over $80 million of merchandise," said Scott Carpenter, President of GA's Retail Solutions division. "This is a rare opportunity for customers to take advantage of significant savings on some of their favorite electronics, appliances and furniture."

Major categories offered in the liquidation sale include cooking appliances, TV and home theater, audio components, furniture, computers, video games consoles and outdoor living. Brand names include Amana, GE, LG, Maytag, Samsung, and Sony.

"Many of the brands offered in this sale are rarely, if ever, discounted," stated Michael McGrail, COO of Tiger Capital Group. "Shoppers are urged to come in early while the widest selection is still available."

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