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Great American Group Launches Going-Out-of-Business Sale for Woodworkers Warehouse.


Business Editors

CHICAGO--(BUSINESS WIRE)--Dec. 9, 2003

Great American Group, one of the nation's leading asset management firms This is a list of corporations that provide financial asset management.
  • Abernathy Group
  • ABN AMRO Asset Management
  • Acadian Asset Management
  • AllianceBernstein
  • Ameriprise Financial, Inc.
, has commenced the orderly going-out-of business sale for 93 Woodworkers Warehouse stores. Woodworkers Warehouse is a specialty retailer carrying high quality, heavy duty woodworking tools and equipment for professionals and enthusiasts both.

The sale began Saturday, December 6, 2003 and is expected to run through January and conclude no later than January 31, 2004. Stores are located in 10 states along the east coast. An estimated $28 million of inventory will be liquidated DAMAGES, LIQUIDATED, contracts. When the parties to a contract stipulate for the payment of a certain sum, as a satisfaction fixed and agreed upon by them, for the not doing of certain things particularly mentioned in the agreement, the sum so fixed upon is called liquidated damages. (q.v.  during the sale period. Customers will be able to take advantage of great discounts off an array of brand name and private label tools and equipment, as well as, electrical, hardware, metalwork metalwork. Copper, gold, and silver were probably fashioned into ornaments and amulets as early as the Neolithic period. Goldwork and silverwork have since employed the talents of leading artisans and artists in making jewelry, plate, inlays, and sculpture. , painting, plumbing, welding supplies and equipment, and much more.

"We look forward to an excellent sale. We are confident that the extensive knowledge and experience Great American Group has in conducting going-out-of-business sales will provide maximum results for Woodworkers Warehouse," stated Sandy Feldman, Vice President of Great American Group.

Great American Group provides financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 to North America's most successful retailers, distributors, and manufacturers. Their well-established services center on turning excess assets into immediate cash through strategic store closings and wholesale and industrial liquidations and auctions. In the past several years, they have converted over $16 billion of problem inventories into cash. With over 30 years of liquidation experience, Great American Group has successfully completed over 1,000 transactions. Headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Great American Group also has offices in Chicago, Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts.

The Town of Boston is an interior town of the county and one of the county's "Southtowns.
, and Atlanta. For more information, please visit the Great American Group website at http://www.greatamerican.com or call Sandy Feldman at 1-800-85-GREAT.
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Publication:Business Wire
Date:Dec 9, 2003
Words:281
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