4.16.12

Haggar Announces New Leadership

 

3.19.12

BJA Auctions Antique

& Estate Jewelry

 

2.28.12

Final Phase of Continental GOB Sale

 

11.29,11

Continental Jewelry Closing in Tampa

 

11.15.11

Unico Designs

the look to hold Two-Store retirement

 

3.2.11

Surya Capital in Association with BJA Purchase Robbins Diamonds Inventory

 

11.11.10

Jewelers Could Have

A Happier Holiday This Year

 

8.23.10

Maharaja's Loses Beachfront Store

as Oil Wary Tourists Avoid the Gulf

 

7.28.10

Buxbaum Group Relocates

 

6.29.10

Michael Lebowitz Joins

Buxbaum Jewelry Advisors

 

6.21.10

Lisa Ketrick Joins

Buxbaum Jewelry Advisors

 

5.14.10

Gold-Buying Helps Jewelers

Weather Great Recession

 

3.29.10

Buxbaum Jewelry Advisors

Helps Hoff Family Jewelers

 

1.12.10

Rapid Sale of $1.5 M Inventory Shows  Demand for Value Jewelry

 

6.18.09

Highly successful sale for

Henricks Jewelers Bonita Springs

 

5.06.09

M.J. Christensen Plans To

Reopen Under New Name

 

5.04.09

Filene's Basement Files

For Chapter 11

 

4.29.09

M.J. Christensen

Store Closing

 

4.23.09

Reviewing All 'Available

Business Options’ for Filene's

 

3.24.09

Jewelry Superstore Offers

Huge Discounts In

Going Out Of Business Sale

 

11.26.08

Retailers to Shout 'Value!' from the Rooftops This Holiday Season

 

9.24.08

Buxbaum Forms Wholesale, Retail

Jewelry Liquidation Venture

 

7.21.08

Toys, Games, and Collectibles

Offered at Huge Discounts

 

7.17.08

Dismal Consumer Confidence

Undermines 'Immunity'

of Luxury Retail

 

7.17.08

Gigantic Inventory Clearance Sale

Makes Dream Kitchens A Reality

 

3.12.08

Western Wear Chains Offering Huge Savings at Special Inventory Sale

 

11.05.07

Shoppers Can Expect Quick Holiday  Bargains As Worried Retailers Cut Prices

 

10.24.07

Rosslyn Hotel Renovation

into Affordable and

Market-Rate Housing

 

9.10.07

Retailers's Shift Away

from Purchasing Contracts

 

7.09.07

Buxbaum Group Relocates

to Agoura Hills, CA

 

5.03.07

Downturn Means Uncertainty For

New Breed of Asset-Based Lenders

 

2.22.07

Collectors Art

Going-Out-of-Business Sale

 

11.02.06

Buxbaum Group Announces Senior Executive Changes

 

10.23.06

What Will the Holiday Season Bring

 

10.18.06

Marcos and York Join Buxbaum Group

Asset Appraisal Group

 

4.12.06

Acquisition of Honduran Factory to

Help Indosheen Regain Prominence

 

1.03.06

Buxbaum Group Readies

Indosheen for More Growth

 

11.09.05

 Confirmation Hearing on

Waterman Reorganization

 

10.25.05

Buxbaum Group

Gets Gramicci

Back On Track

 

10.20.05

Buxbaum Group the Key to

Sale of Rampage

 

2.17.04
Buxbaum Group Inventory
Appraisals Hit $5.0 Bil.
in 2003

 

1.7.04
David Buxbaum Named to Local
Airport and Hospital Boards

 

12.24.03

Right Start Stores Now in
Liquidation Mode, As Court
Rejects Offer On Business


12.9.03
Buxbaum Group Inventory
Appraisals Exceed $3.5 Bil.
on Target to Reach $5.0 Bil.
for 2003

 

12.4.03
Inventory Clearance Sales
Begin in All 142 FAO Schwarz,
Zany Brainy, and the
Right Start Stores

 

3.27.03
Buxbaum Group Appraised
Approx. $4.0 Billion
in Inventories in 2002

 

2.28.03
Court Approves GOB Sales
For Troutman's Emporium;
Buxbaum Group, Others
to Run Liquidation

 

BUXBAUM GROUP INVENTORY APPRAISALS EXCEED $4.0 BIL. IN 2003

CALABASAS, Calif. (2/17/04) —Buxbaum Group’s appraisal division evaluated more than $4.0 billion in consumer products inventories at cost value during 2003. In addition to its consumer products inventory appraisal practice, the Calabasas-based firm’s Buxbaum/Century affiliate appraised machinery and equipment valued in excess of $500 million during 2003.

The firm executes appraisals on behalf of lending institutions at manufacturing, wholesale and retail companies, and recently launched a program to market its services to the financial community under the Roadmap™ brand. 

Nearly 60% of Buxbaum’s consumer products appraisal activity for the year ended December 31 was on wholesale distribution inventories, some 10% was in the manufacturing sector, and the remaining 30% has been on retail inventories.  This mix represents a shift from 2002, when the retail segment accounted for 46% of the inventories appraised by the firm, wholesale distribution comprised 43%, and the remaining 11% was derived from projects at a variety of combined manufacturing/wholesale distribution and/or wholesale distribution/retail operations.

“While our core strength and reputation over the years has been and remains as ‘retail experts,’ we’re pleased that our client base realizes that the breadth and depth of our expertise extends well beyond just retailing and into the manufacturing and wholesale distribution arenas,” said Buxbaum Group vice president Jim Siebersma, who directs the appraisal unit. “We’ve spent a tremendous amount of time throughout all of our divisions working in the manufacturing and wholesale distribution sectors on both consumer product inventories and, with the assistance of Buxbaum/Century, into more industrial types of inventory.”

In late 2003, Buxbaum Group rolled out its Roadmap™ for Retail appraisal model. The firm is now in the process of developing applicable Roadmap™ models for manufacturing, wholesale distribution, and machinery and equipment appraisals.

“We’re very excited about the future of our Roadmap™ appraisal models,” said Siebersma.  “We’ve intensively honed in on the multitude of key criteria that impact value from a liquidation perspective and feel very strongly that our appraisal product focuses directly on all of the critical issues, characteristics and nuances of liquidation within all industry sectors.  Distinguishing and understanding the many differences that impact liquidation of retail, wholesale and/or manufacturing inventories, as well as machinery and equipment, is an ongoing learning process. We feel it is our job to convey all that we know and continue to learn to our clients in a format that is comprehensive yet concise, straightforward and understandable to all parties concerned.  Roadmap™ provides exactly that.”

During 2003, the firm also initiated a series of seminars for lenders that address the unique issues associated with appraising and liquidating wholesale inventories. “We’ve received very positive responses thus far from several of our lender clients to whom we have presented the seminar, and have further enhanced the content and direction based on the feedback received,” Siebersma noted.  The firm has  scheduled numerous presentations during the first quarter of 2004. To learn more about the seminar program, contact Buxbaum Group at 800-990-6820.

About Buxbaum Group - Buxbaum Group has built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories, as well as machinery and industrial equipment, across North America.  A subsidiary, Pathway Strategic Partners, provides turnaround, expansion and/or downsizing strategies, in conjunction with other advisory consulting and management services.

Press Contacts: At Buxbaum Group, Paul Buxbaum, (800) 990-6820; at Parness & Associates Public Relations, Bill Parness or Lisa Kreda, (732) 290-0121