Regional alternation liquidates $23 actor in flooring, kitchen, ablution and appliance inventory; sales by JV ally Tiger Group, Great American Group and HyperAMS now underway.
WAUKEGAN, Ill., Nov. 2, 2018 /PRNewswire/ — A massive bulk of home-improvement and accoutrement merchandise—about 1.5 actor items admired at added than $23 million—is accessible at liquidation-sale discounts as broke Home Owners Bargain Outlet (HOBO) shutters all seven of its stores, including bristles in the Chicago breadth and two in Wisconsin.
Joint adventure ally Tiger Group, Great American Group, LLC (a accessory of B. Riley Financial, Inc.) and HyperAMS are liquidating the Waukegan-based chain’s absolute account of flooring, housewares, furniture, ablution products, appliances, electronics, hardware, tools, home decorations and lawn/garden items in advancing sales at all HOBO stores. Brands offered accommodate Levolor, Panasonic, Dirt Devil, Oster, Hoover, Stanley and McCulloch, to name aloof a few.
The commodity is accessible at aperture discounts of up to 30 percent at HOBO’s brick-and-mortar stores, with no advancing ecommerce operations. The bounded alternation filed for Chapter 11 bankruptcy aegis on October 26, 2018 in the U.S. Bankruptcy Court of Chicago.
“The home advance business has consistently been abundantly competitive,” said Tiger Group Chief Operating Officer Michael McGrail. “In accession to the top two big-box chains with their amazing economies of calibration and ascendant absolute acreage positions, the avant-garde ecommerce efforts of these players, Amazon and others acutely accept created huge challenges for abate operators like HOBO.”
McGrail added: “HOBO consistently offered accustomed low appraisement on top DIY brands, so for buyers, the discounts in these sales are on top of the chain’s outlet-level pricing. The attic account actuality is decidedly outstanding: Attic represents about 40 percent of the all-embracing inventory, and there’s an amazing alternative of ceramic, porcelain, accustomed stone, mosaic, wood, laminate, and vinyl products, forth with rugs and accession supplies.”
Contractors, designers and DIYers will additionally acquisition aggregate they charge to accomplish selections for advance projects at these cogent discounts, added Scott Carpenter, President, GA Retail, Great American Group.
“You’re talking about cabinetry and cabinetry hardware, kitchen countertops, faucets and sinks, ambit hoods, as able-bodied as the area of ablution articles such as vanities, mirrors, cabinets, fans, toilets, faucets—you name it,” he said. “In abounding cases, this is in-demand, branded merchandise. So, the opportunities for designers and renovators absolutely are outstanding.”
The auction additionally includes bedchamber pieces and sets, as able-bodied as mattresses, foundations, frames, futons, and convertible sofas. The alternative of dining appliance includes abounding sets as able-bodied as servers, hutches and buffets, and pub-height pieces. For the active room, shoppers will acquisition sofas, loveseats and recliners.
Store accessories and accessories are additionally accessible at defalcation prices.
Store locations are as follows:
Chicagoland: 2650 Belvidere Road, Waukegan 8716 S. Cicero Avenue, Oak Lawn 300 W. North Avenue, Villa Park 1693 S. Plainfield Road, Crest Hill 7630 W. Roosevelt Rd, Forest Park
Wisconsin: 800 S. 108th Street, West Allis3545 S. 27th Street, MilwaukeeStore hours are: Mon.-Fri., 8 a.m. to 9 p.m.; Sat., 8 a.m. to 7 p.m.; Sun. 9 a.m. to 6 p.m.
For adapted advice on the sale, visit: https://www.hoboonline.com/
Press Contact: At Parness & Associates Public Relations, Bill Parness, (732) 290-0121, [email protected]
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