Domain, Inc. (d/b/a Domain Home Furnishings), a 27-store chain known for quality furniture and other home décor products, will conduct a court-ordered bankruptcy liquidation sale beginning February 13, 2008. The sale was ordered by the bankruptcy court as a result of Domain’s recent Chapter 11 filing. The value of the inventory to be liquidated is approximately $20 million.
The Domain liquidation is being managed jointly by two leading national retail liquidation firms: Hudson Capital Partners, of Newton, Mass., and Great American Group, of Los Angeles.
“Domain has been a landmark for consumers who appreciate high quality home design, and the liquidation sale provides a final opportunity to take advantage of this incredible home furnishing resource,” noted Hudson Capital Partners co-founder Jim Schaye.
The Domain merchandise to be liquidated will include furniture, accessories, décor items, lighting, rugs and other designer products. The sale will involve all Domain store locations in Massachusetts, Connecticut, New Jersey, New York, Pennsylvania, Maryland and Virginia.
Following the liquidation sale, which is expected to take several weeks, all of the Domain retail locations will be closed. Domain, Inc. filed for bankruptcy on January 18, 2008 in the U.S. Bankruptcy Court, District of Delaware (Docket #08-10132 PJW).
About Domain
Domain Home is an upscale retailer of unique and high quality home furnishings. The Company has 27 retail locations from Boston to Washington, D.C., located in high-end malls, lifestyle and freestanding shopping centers. For more information on Domain, visit www.domain-home.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.
About Great American Group
With offices in Los Angeles, Chicago, Boston, New York, Philadelphia, and Atlanta, Great American Group is known for its dominant presence in the asset conversion business. The firm has expertise in the disposition of assets across a diverse range of industries. Additional information is available at www.greatamerican.com