A joint venture (JV) of GA Group, Tiger Group, SB360 Capital Partners, Gordon Brothers and Hilco Global, following approval by the United States Bankruptcy Court for the District of New Jersey, has commenced going-out-of-business sales at all The Children’s Place and Gymboree retail locations across the United States and Canada. In addition, the JV is conducting a comprehensive inventory liquidation event through both ecommerce platforms.
The going-out-of-business store sales and online inventory blowout are expected to continue for a limited time while supplies last, offering customers significant savings on a wide assortment of children’s apparel, footwear, accessories, seasonal merchandise and other products. Shoppers can capitalize on exceptional discounts leading into the holiday shopping season, with new markdowns expected as the sale progresses. Merchandise assortment, discount levels and product availability will vary by location and are subject to change from time to time.
“This sale represents a unique opportunity for families to access substantial savings on a trusted children’s apparel brand during one of the busiest shopping periods of the year,” Joe Malfitano, president and head of retail, merchant and industrial solutions at GA Group, said. “Our joint venture has extensive experience managing large-scale retail disposition programs, and we are committed to conducting an orderly and efficient process while delivering exceptional value to customers.”
