Case Study: Sears/Kmart — Supplemental Inventory Consignment Augmentation — 25MM

Situation

Tiger liquidates Sears and Kmart stores on a fee basis as part of a consulting contract.  Inventory in the home, sporting goods, consumables and electronics were not replenished by Sears throughout the process leaving “holes” in the inventory.

Tiger’s Role

Tiger acquired inventory and consigned the merchandise to Sears / Kmart in the closing stores.  Tiger perfected its liens and managed cash distributions with Sears / Kmart.

Resolution

The additional inventory improved merchandising in the store and created foot traffic resulting in improving Sears / Kmart’s recovery on the original inventory.