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Hilco, Gordon Brothers, Tiger, B. Riley to Oversee Inventory Liqudiation for Nordstrom Stores

March 23, 2023, 08:00 AM
Filed Under: Auction News

A joint venture (“JV”) group consisting of Hilco Merchant Retail Solutions ULC, Gordon Brothers Canada ULC, Tiger Asset Solutions Canada, ULC, and B. Riley Retail Canada ULC, has been assigned to oversee the liquidation sales at all six Nordstrom Canada Stores and all seven Nordstrom Rack Canada stores.

Store closing sales began Tuesday, March 21, 2023. This announcement comes after Nordstrom Canada obtained an Order from the Ontario Superior Court of Justice on Monday, March 20, 2023, to liquidate all 13 locations.
A spokesperson for the JV group said, "A liquidation sale for such a storied brand is a rare occurrence and an opportunity for shoppers to purchase today’s most sought-after fashion brands at a discounted price. We encourage consumers to shop early to take advantage of the best selection of products. Given the quality of products being offered, we expect sales to be very brisk.”  The JV group indicated that selected fixtures, furnishings and equipment in the closing stores will also be for sale and that Nordstrom Canada gift cards and Nordstrom Notes will be honoured.

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