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 APPRAISED APPROX. $4.0 BILLION IN INVENTORIES IN 2002

CALABASAS, Calif. (3/27/03)--Buxbaum Group today announced that its Asset Appraisal business unit appraised slightly more than $4.0 billion of consumer product inventories during 2002 at manufacturing, wholesale and retail companies on behalf of lending institutions.

The retail segment accounted for 45.7% of the inventories appraised by Buxbaum during 2002, up from 44.4% in 2001; wholesale distribution represented 43.2% versus 42.2% the previous year; and the remaining 11.1% was derived from projects at a variety of combined manufacturing/wholesale distribution and/or wholesale distribution/retail operations, down from 13.4% in 2001.

"This past year was another roller-coaster ride for many consumer product sectors," observes Buxbaum Group vice president Jim Siebersma. "While at certain points there was a sense of optimism throughout the retail industry, results released to date by the publicly owned companies indicate another difficult year. Given this environment, we continue to stress to our lending clients the importance of regularly monitoring the fluctuating value of retail merchandise presented as collateral on loans.

"Those concerns were amplified during the fourth quarter of 2002, when retailers across the board - even the most powerful of discount and mass-merchandise stores - suffered through a dismal holiday selling season," he continues. "In many instances, this resulted in a significant glut of inventory, not just at the retail level, but also at the manufacturing and wholesale levels. Thus, within a 90- to 180-day period, we're seeing the value of certain inventories fluctuate wildly, which is all the more reason that lenders are now monitoring those values on a more frequent basis."

Accordingly, the firm anticipates a spike in the number of inventory appraisals going into the second quarter of this year, as lenders evaluate their clients' year-end results and the impact on the value of the inventory collateral. Concurrently, Buxbaum Group's Asset Recovery business unit, which manages liquidation sales and buys/sells closeout merchandise, is also experiencing heightened activity.

"As retail goes, so go the manufacturing and wholesale distribution sectors," said Paul Buxbaum, chairman and CEO. "Given the amount of excess and slow-moving inventory throughout all markets, we expect our lending clients to be calling for expedient appraisals, as well as assistance in the strategic disposition of such inventories through liquidations. Our closeout group is working feverishly to find global channels of distribution for considerable amounts of distressed, excess and slow-moving inventory."

Buxbaum Group, headquartered in Calabasas, provides inventory appraisals, auctions on both fixed and liquid assets, turnaround and crisis management, as well as other consulting services for banks and other financial institutions with retail, industrial, wholesale/distribution and consumer-product manufacturing clients. The firm also provides liquidation services on an equity or consultative basis for consumer-product inventories, machinery and equipment. Additionally, Buxbaum buys and sells consumer-product inventories on a close-out basis.

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