Over 150 Years of Service to the Furniture Industry

 Furniture World Logo

Lacks Furniture GOB Sale Progresses.

Furniture World News on

After more than 70 years in business, and under authority of a U.S. Bankruptcy court, store closing sales are in progress at all 36 Lacks Home Furnishings, Inc. stores in Texas. $40 million of top quality furniture, bedding, major appliances, televisions and home accessories will be liquidated.

Discounts from 30% to 50% are offered on all merchandise at every Lacks location. Consumers will benefit from very significant savings on Lacks’ entire stock of furniture for the bedroom, living room, dining room, kids’ room, den and home office. There are substantial price reductions on all mattress sets, home theater entertainment centers and decorative accessories, as well. In addition, all famous brand televisions and appliances, including washers, dryers, ranges, refrigerators and dishwashers are now deeply discounted.

Liquidation of all inventory and store fixtures is being managed by a joint venture composed of Hilco Merchant Resources, LLC and SB Capital Group, LLC.

Cory Lipoff, Executive Vice President and Principal at Hilco Merchant Resources stated, “This is a tremendous opportunity for home owners and apartment renters to take advantage of truly compelling discounts on a huge selection of furniture, appliances and accessories. We anticipate that today’s value conscious consumer will respond very positively to these outstanding savings on quality home furnishings from a company with a long and proud history. We expect this will be a short sale.”

About Hilco Merchant Resources, LLC

Based in Northbrook, IL, Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, operational, asset monetization and capital investment services to help retailers define and execute strategic initiatives. Hilco can acquire, co-invest in or facilitate the merger of retail operations; purchase or otherwise dispose of duplicative stores, underperforming divisions, unnecessary distribution centers, inventory, owned real estate, leases, and furniture, fixtures and equipment. Hilco also provides retail restructuring services, interim store management, loss prevention services, marketing and advertising management, merchandising management, and strategic store opening programs.

About SB Capital Group, LLC

SB Capital Group, a Schottenstein affiliate, is a leader in the field of asset recovery, rescue finance, restructuring and strategic store closing events. As equity stakeholders in businesses comprising sectors as diversified as retail enterprises, consumer products, franchising, licensing and real property, SB Capital Group leverages resources and depth of experience to provide services with applicability across a wide spectrum of industries. Recognized worldwide as a trusted partner for businesses and professionals, SB Capital Group’s participation in transactions that span the globe has solidified a reputation as one of the most creative and innovative financial service and asset realization firms in existence today. Discover more at www.sbcapitalgroup.com.

Store Closing Sales In Progress at All Lacks Home Furnishings Locations:

314 North Washington     Beeville     TX     78102
9510 Leopard   Corpus Christi   TX   78410
1019 South Highway 35   Port Lavaca   TX   77979
5802 North Navarro   Victoria   TX   77904
1817 North Mechanic   El Campo   TX   77437
1818 East Main   Alice   TX   78332
3333 Avenue F   Bay City   TX   77414
3607 North Navarro   Victoria   TX   77901
60 Lack Lane   Clute   TX   77531
2020 West Anderson Lane   Austin   TX   78757
3901 S Padre Island Dr.   Corpus Christi   TX   78415
971 West San Antonio   New Braunfels   TX   78130
2100 S 61st @ Loop 363   Temple   TX   76504
2600 SW Military Dr.   San Antonio   TX   78224
4001 South Lamar   Austin   TX   78704
113 West Borden   Sinton   TX   78387
8611 Perrin Beitel Road   San Antonio   TX   78217
2400 Veterans Blvd   Del Rio   TX   78840
13530 Hwy 183 North   Austin   TX   78750
1001 South Fort Hood Rd   Killeen   TX   76541
4002 Sunset Drive   San Angelo   TX   76904
1550 Wildcat Drive   Portland   TX   78374
2330 East Main   Uvalde   TX   78801
6838 Bandera Road   Leon Valley   TX   78238
2004 E 42nd Street   Odessa   TX   79762
5741 50th St @ Loop 289   Lubbock   TX   79424
4602 Avenue Q   Lubbock   TX   79412
3111 Cuthbert   Midland   TX   79701
6381 Buffalo Gap Road   Abilene   TX   79606
3110 H.G. Mosley Pkwy   Longview   TX   75605
4800 Franklin Avenue   Waco   TX   76710
2501 Texas Ave.   College Station   TX   77840
11791 Bandera Road   San Antonio   TX   78250
18603 Blanco Road   San Antonio   TX   78258
1817 Troup Highway   Tyler   TX   75701
2934 S. John Redditt Dr.   Lufkin   TX   75904

Furniture World Magazine-Business solutions for furniture retailers