Daily News: January 9, 2015

Gordon Brothers, Hilco to Close Deb Shops

Gordon Brothers Group and Hilco Merchant Resources announced they will begin GOB sales at all Deb Shops retail locations nationwide beginning January 9, 2015. After more than 80 years in business, Deb Shops, a Philadelphia-based women’s fashion discount retailer, is closing its doors.

The company filed for Chapter 11 protection on December 4, 2014. On January 7, 2015, Gordon Brothers Group and Hilco Merchant Resources were awarded the store closing process for all locations by the bankruptcy court. Deb Shops currently operates approximately 287 retail locations. Store closing sales will begin on January 9 and will involve discounts of 30-50% on all junior and plus size apparel, including tops, sweaters, jeans, pants, dresses, activewear, outerwear, and lingerie. Store furniture, fixtures, and equipment will also be for sale.

“We thank our many customers and dedicated employees for their tremendous loyalty over the years and are very proud of our associates’ commitment to maintaining the high level of customer service we are known for throughout this transition,” said Dawn Robertson, CEO, Deb Shops.

“While Deb Shops has a reputation for every day value, we encourage customers to take advantage of the significant additional discounts available during this time while the selection lasts,” Rick Edwards, co-president, Gordon Brothers Group’s retail division stated.

“We anticipate that this will be a short sale due to the outstanding savings and the very desirable assortment of fashion and accessories. Consumers are encouraged to shop early to enjoy the greatest selection,” said Mike Keefe, president and CEO of Hilco Merchant Resources.

Gordon Brothers Group and Hilco Merchant Resources will oversee the going-out-of-business sales on behalf of Deb Shops in all locations. Store locations will remain open until all merchandise has been sold.

Deb Shops gift cards will be honored through March 8, 2015.