All Avenue Stores Retail Locations Are Closing

AVENUE Stores, LLC, on Friday August 16, 2019, filed for Chapter 11 reorganization and authorized store closing sales by a joint venture of Gordon Brothers and Hilco Merchant Resources have commenced.  The women’s plus size clothing retailer is already in the process of closing all its retail stores in the United States with new price cuts starting today.

 Avenue customers will now save 40-60% off lowest ticketed prices on all merchandise including denim, swimwear, shoes, accessories and more in their retail stores.  Storewide savings include all styles, brands and the latest fall fashions. “These store closing sales feature a truly outstanding assortment of merchandise at very significant price reductions,” a spokesperson for the joint venture stated. “We encourage shoppers to visit their favorite location now and take advantage of these savings before it’s too late.” Store fixtures are also being sold at compelling prices as part of these closing sales.

A full list of closing locations is attached, and you can also find the store near you at: https://www.avenue.com/en_US/stores

Store closing discounts are not valid at avenue.com.

About Avenue: Avenue is a leading destination for on-trend plus size women’s clothing and accessories. From inception as Sizes Unlimited in 1983, Avenue has maintained a commitment to offer our customers quality plus sized clothing in sizes 14-32.

About Gordon Brothers: Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, operating executives, advisors, and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in Boston, with 25 offices across five continents.

About Hilco Merchant Resources, LLC:  Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer’s strategic initiatives.  Hilco Merchant Resources’ activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  Additionally, HMR now includes among its subsidiaries the nation’s premier fixture and equipment liquidation firm, Hilco Fixed Asset Recovery (www.hilcoffe.com), an innovative sale locater website called Shop Genius (www.shopgenius.com),  as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).  Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), one of the world’s leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.  

MEDIA CONTACT:

Gary C. Epstein
EVP – Chief Marketing Officer
Hilco Global
gepstein@hilcoglobal.com
847-418-2712

OR

Marisa Tahiri
Avenue Stores, LLC
mtahiri@avenue.com
201-909-2064