Ben Nortman and Ian Fredericks of ReStore Capital examine the financial burden that consumer-mandated transformation and the current crisis are imposing on both retailers and their suppliers. They further explain how innovative financial solutions can be leveraged to help ensure successful outcomes in stressed and distressed environments.
Hilco Merchant Resources will manage the store closing process and run retail sales at 74 of 344 National Stores. The specific stores that will close currently operate under the brand name Fallas.
Seth Marks joined Hilco Merchant Resources as SVP, chief merchandising officer for HMR and as the CEO of Hilco Wholesale Solutions. Marks joins from Sears Holdings where he served as head of Strategic Merchandising.