Wickes Liquidation Begins

Furniture World Magazine

By order of a U.S. Bankruptcy court, store closing sales will begin Saturday, March 1, at all 38 Wickes Furniture, Inc. stores in California, Illinois, Indiana and Nevada. Over $75 million of famous brand furniture and accessories will be liquidated. (Sales at 5 Oregon locations are planned to commence later in March.). Discounts from 25% to 50% will be offered on all merchandise in each of the 38 California, Illinois, Indiana and Nevada stores. Consumers will be able to benefit from very significant savings on Wickes’ entire stock of furniture for the living room, dining room, bedroom, kids’ room and home office. All mattress sets, home entertainment centers, Oriental rugs and decorative accessories will be deeply discounted, as well. Liquidation of all inventory and store fixtures will be managed by a joint venture comprised of Hilco Merchant Resources LLC, SB Capital Group LLC, Tiger Capital Group LLC and Planned Furniture Promotions, Inc. Michael Keefe, President of Hilco Merchant Resources stated, “This is a tremendous opportunity for every home owner and apartment renter to take advantage of truly compelling discounts on a huge selection of brand name furniture and accessories. Anticipating that today’s value conscious consumer will respond very positively to these outstanding savings on quality home furnishings, we expect this will be a short sale.”