BTWW to Hold Going out of Business Sale at Remaining 78 Stores.All Inventory Including Western Apparel, Footwear and Accessories Must be Liquidated CHEYENNE, Wyo. -- BTWW, a specialty retailer of western apparel, footwear and work wear, has announced a final liquidation sale liquidation sale liquid (US) n → Verkauf m wegen Geschäftsaufgabe on all merchandise at its remaining 78 retail locations. The going out of business sale will be managed by a consortium of asset recovery firms including Great American Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ; Hudson Capital Partners, LLC; SB Capital Group, LLC; and Tiger Capital Group, LLC. The liquidation sale will be conducted under the orders of the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , which is supervising the BTWW bankruptcy proceedings bankruptcy proceedings n. the bankruptcy procedure is: a) filing a petition (voluntary or involuntary) to declare a debtor person or business bankrupt, or, under Chapter 11 or 13, to allow reorganization or refinancing under a plan to meet the debts of the party . The final liquidation sale will begin on Wednesday, November 26, 2008. Merchandise will include western and work wear apparel and boots for the family, as well as additional accessories including belts and hats in all of the remaining stores under the BTWW umbrella. These stores include Boot Town, Corral corral a small fenced-in enclosure with high, wooden fences, suitable for holding cattle or horses. corral system a management system in which range cattle are put into corrals and fed hay for a period when the environment is most West, Western Warehouse, Sergeant's, Job Site and Work Wear Depot. "We are liquidating $70,000,000 million worth of merchandise from the largest seller of western apparel, footwear and accessories over the next several weeks. With the holiday season upon us, we are anticipating the merchandise to move quickly, as the sale offers consumers an excellent opportunity to buy great holiday gifts at substantial discounts," said Jim Schaye, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hudson Capital Partners. Dan Kane, Principal of Tiger Capital continued, "For years, consumers have looked to BTWW for its leading brands including Tony Lama
Tony Lama is a U.S.-based corporation that designs and sell western-style boots. The company bears the name of its founder, who lived from 1887 to 1974. , Justin, Carhartt and Resistol as well as other well known brands. In addition to liquidating the entire inventory, all store fixtures throughout the chain will also be sold." The consortium of asset recovery firms represents the largest liquidation group in the country and is currently managing the going out of business sales for both Mervyn's and Steve & Barry's. BTWW has been operating under Chapter 11 of the Bankruptcy Code Bankruptcy Code may refer to:
About BTWW Based in Cheyenne, Wyoming, BTWW is the largest specialty retailer of western apparel and footwear in the United States. With 78 stores in 16 states including Arizona, Colorado, Georgia, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas, Washington and Wisconsin, BTWW owns and operates retail locations under the Boot Town, Corral West, Western Warehouse, Sergeant's, Job Site and Work Wear Depot names. |
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