Liquidation sales are being handled by a joint venture consisting of Gordon Brothers and Hilco Merchant Resources. A closing date hasn’t yet been announced.
“Avenue shoppers will be amazed not only by the incredible savings, but also by the great selections and styles available at the closing sale. Given the popularity of the brand and the seasonal trends, merchandise is sure to sell out quickly. We are encouraging consumers to shop early and take advantage of these offers,” a spokesperson for the group said.
There have already been more than 7,600 store closings in 2019, 29 percent more than the whole year of 2018, according to Coresight Research, which tracks the closings. The firm expects 12,000 stores to close by the end of the year, surpassing 2017’s record of 8,139.
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