Gordon Brothers Conducts Liquidation Sales on Billabong, Roxy, and Quiksilver Retail Locations
- Liberated Brands files for bankruptcy
- All stores to close and sell wholesale inventory
- Gordon Brothers handling liquidation sales
- Storewide discounts of 20%-40% off
- 1,040 retail employees to be laid off
Liberated Brands has filed for bankruptcy and announced the closure of all its stores, including those for brands like Billabong, Roxy, and Quiksilver. Gordon Brothers is conducting liquidation sales to sell the company’s wholesale inventory, which includes men’s, women’s, and children’s apparel and accessories. Stores are offering discounts of 20%-40% off, while outlet locations offer 30%-50% off. In Hawaii, stores provide discounts between 10%-30%. About 1,040 retail employees will lose their jobs due to the closures, and over 360 more were laid off from the corporate headquarters in California. Liberated handled US and Canada operations for Boardriders portfolio under a licensing agreement with Authentic Brands Group.
Factuality Level: 8
Factuality Justification: The article provides accurate information about the bankruptcy of Liberated Brands and its impact on retail stores and employees, as well as details about the liquidation sale and discounts being offered. It also includes relevant financial information about assets and liabilities.
Noise Level: 4
Noise Justification: The article provides relevant information about the bankruptcy of Liberated Brands and its impact on employees and store closures, but it could benefit from more analysis or context about the reasons behind the company’s financial struggles and potential implications for the industry.
Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses the bankruptcy of Liberated Brands, which impacts financial markets through its store closures and layoffs. It also mentions the company’s assets and liabilities range between $100 million and $500 million, as well as unsecured claims ranging from $566 million to $3.2 billion.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it doesn’t happen within the last 48 hours.
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