Daily News: March 13, 2015

Gordon Brothers Closing TigerDirect Stores

Gordon Brothers Group began store closing sales at 31 TigerDirect retail locations throughout the U.S. and Canada. DJM Real Estate, a division of Gordon Brothers Group, was retained to dispose of 27 TigerDirect stores in the U.S. and Canada. These properties are available for sublease or assignment and range from 14,000-33,400 square feet.

TigerDirect, an IT products and solutions provider, made the strategic decision to accelerate its business-to-business and public sector customer focus. Under this new strategy it will exit substantially all of its consumer electronics brick-and-mortar retail stores. The company will continue to serve the consumer market through its e-commerce platform www.tigerdirect.com. TigerDirect’s focus on the B2B marketplace reflects efforts made over the past several years to invest in and strengthen its ability to serve business customers. Store closing sales began today, March 12 and involve significant discounts on all merchandise, as well as store furniture, fixtures and equipment.

“We appreciate the continued support of our valued customers over the years and hope they take advantage of the significant discounts during these store sales events. We also encourage our customers to continue to shop tigerdirect.com for future savings and an outstanding assortment of products,” said Adam Shaffer, president, TigerDirect Business.

“TigerDirect is well known for its affordable pricing and we encourage customers to visit their local stores to find even greater discounts while the selection lasts,” Bob Grosskopf, co-president of Gordon Brothers Group’s Retail Division stated.

Gordon Brothers Group’s Retail Division will oversee the store closing sales on behalf of TigerDirect in its U.S. and Canada locations.

Systemax sells industrial and computer products through a system of branded e-commerce websites, relationship marketers and retail stores in North America and Europe. The primary brands are Global Industrial, MISCO, Inmac Wstore and TigerDirect.