Robb & Stucky to Begin Going Out of Business Sale
Furniture Industry News Update -
Furniture World Magazine
After more than 95 years in business, the nation’s largest high-end interior design and home furnishings company Robb & Stucky, will conduct a court-ordered bankruptcy liquidation sale beginning Friday, March 11, 2011. The going out of business sale will include all 20 Robb & Stucky stores located in Florida, Texas, Arizona and Nevada.
In what will be the most substantial sale in Robb & Stucky’s extensive history, inventory valued at approximately $90 million will be completely liquidated at significant discounts. Customers will find tremendous savings on Robb & Stucky’s large assortment of home furnishings in styles ranging from high-end traditional to Caribbean chic to clean contemporary. The sale will include all of the Company’s brand-name furnishings and accessories such as Ralph Lauren, Elements, Tommy Bahama, Paloma, Trump Home and Monterey, among others.
The Robb & Stucky sale is being managed by a joint venture group of leading national retail liquidation firms, including: Hudson Capital Partners, LLC; HYPERAMS, LLC; and SPCI.
“For nearly a century, customers have turned to Robb & Stucky for its unparalleled collection of fine furnishings,” said Jim Schaye, Chief Executive Officer of Hudson Capital Partners. “The liquidation sale provides customers a final opportunity to take advantage of the store’s first-class merchandise all at a great value.”
In addition to store merchandise, the liquidation sale will include store furnishings, fixtures and equipment throughout the chain. Upon completion of the sale, the 20 Robb & Stucky stores will be closed.
Robb & Stucky filed to reorganize under Chapter 11 on February 18 in the United States Bankruptcy Court for the District of Florida, Case Number: 11-02801.
About Robb & Stucky Interiors: Founded in 1915 in Florida and celebrating 95 years of style, Robb & Stucky is an internationally recognized interior design and premier home furnishings retailer with showrooms in Florida, Nevada, Texas and Arizona. Robb & Stucky offers a unique lifestyle shopping experience with an unparalleled collection of fine furnishings and an award-winning ensemble of designers. For more information, visit www.robbstucky.com.
About Hudson Capital Partners, LLC: Hudson Capital Partners, LLC offers an extensive array of professional solutions to the challenges retailers face today, including management of excess, obsolete and discontinued inventory, changing geographic and demographic circumstances, unproductive store sites, and real estate and liquidity issues. The firm’s diversified staff is experienced at performing strategic store closings and relocations, fixed asset dispositions, wholesale inventory buyouts and lease mitigations. To learn more about Hudson Capital Partners, please visit the firm’s website at www.hudsoncpl.com.
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