Daily News: December 22, 2014

Gordon Brothers Group & Hilco to Close Mexx Stores

Gordon Brothers Group and Hilco Merchant Resources announced today that they will begin going-out-of-business sales at all Mexx retail locations throughout Canada beginning December 19, 2014. The company filed a Notice of Intention to Make a Proposal under the Bankruptcy Insolvency Act on December 3, 2014 after struggling against competition from both online and other brick and mortar retailers. Richter is acting as Trustee. Mexx currently operates 95 retail locations across Canada. Discounts of 30% to 50% off original prices on all merchandise will be offered on the entire inventory of men’s, women’s and children’s apparel, accessories and room furnishings. Furniture, fixtures and equipment from the stores, warehouse and corporate offices will also be available for sale.

Substantial reductions off original prices will be taken on every item in stores, including new arrival tops, sweaters, jeans, shoes, handbags, jewelry and room decor.

“This international retailer is known for its high quality fashion and on trend merchandise assortment. We encourage customers to visit their local stores to take advantage of the great savings that will be available throughout the sale, just in time for the holidays” Rick Edwards, Co-president of Gordon Brothers Group’s Retail Division stated.

Mike Keefe, President and CEO of Hilco Merchant Resources, said “Mexx is a very popular international brand and consumers are encouraged to save while the selection is best. Because of the compelling discounts and spectacular assortment of merchandise, we expect this will be a short sale.”

Mexx gift cards will be honored throughout the sale.

Amsterdam, Netherlands-based Mexx is an international retail chain that sells men’s, women’s and children’s clothing and accessories as well as home furnishings.