Web-based liquidations: Best practices for a fast-growing phenomenon
06/15/2015
Just as growing numbers of traditional retailers have learned to augment their core brick-and-mortar assets by building well-trafficked e-commerce sites, liquidation firms serving the ABL industry are also mastering the nuances of leveraging the Internet as an effective sales channel. ... Read More
Know Your Boundaries: Don’t Treat Canada Like a 51st State
06/15/2015
To get a feel for how excited some Canadians are about the prospect of foreign brands entering the country, take a look at the columns of Marina Strauss in The Globe and Mail newspaper. The Toronto-based retail reporter maintains a ... Read More
After the Meltdown: Appraisals vs. Liquidation Values Have Largely Held Since 2008
06/15/2015
In the topsy-turvy period that followed the financial meltdown of 2008, the U.S. economy weathered the liquidation of thousands of companies, including big-name retailers such as Circuit City, Goody’s, Mervyn’s, Gottschalks, and Ritz Camera, to name a few. But the ... Read More
Keeping the lights on – A key to Chapter 7 recoveries?
06/15/2015
When a borrower goes into Chapter 7, it’s natural to focus on the endgame: liquidation. After all, operational concerns come to the fore only in cases involving reorganization, right? Not necessarily. Consider our largelot sale of the majority of former ... Read More
Fast-Growing Grocery Sector Offers Both Upside – And Risk
06/15/2015
The rapidly changing retail food sector shows no signs of slowing down. But while the overall growth in this space is noteworthy, it is arguably more interesting to consider where this growth is occurring: Mass merchants such as Walmart, Target, ... Read More
Squeezing Dollars: How to Create Added Value in Auction Scenarios
06/15/2015
Judging liquidation firms based on their experience with particular asset types has a certain logical consistency. For instance, if your goal is to qualify yourself to a major meatpacking company, the thinking goes, you should seek a firm with years ... Read More
‘Order up!’ Food industry assets are increasingly on the menu for asset-based lenders
06/15/2015
The notion that food is a safe-harbor business in rocky economic times is as old as the phrase “People have to eat.” And safer harbors, of course, tend to attract lots of ships, which is why food can be found ... Read More
Myths vs. Realities: Collapsing the Store Base in Retail Liquidations
06/15/2015
Appraisal firms are often asked by lenders if condensing a retail chain’s store base early on, or even prior to, the beginning of a liquidation sale will enhance the overall net recovery value (NOLV) of the inventory. Early closures present ... Read More
Blowing in the wind: Are plastic-bag bans the death knell for related M&E?
06/15/2015
The global backlash against plastic bags — visible in the form of taxes and outright bans on grocery and merchandising bags made of blown-film plastic—threatens to undermine the recovery value of dedicated M&E in this sector. And it is worth ... Read More
Through the Looking Glass: Competition Heats Up for Lenders and Disposition Firms Alike
06/15/2015
Secured lenders and disposition firms tend to see life through the same looking glass. After all, they both have their greatest success during volatile markets as a result of opportunities created by the downturns and upturns of the business cycle. ... Read More