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

 

WHAT WILL THE HOLIDAY SEASON BRING?  CAUTIOUS SHOPPERS AND DISCIPLINED SPENDING  - Buxbaum Group’s Stevan Buxbaum says consumers will buy better but fewer gifts

CALABASAS, Calif. (10/23/06) – The coming holiday season won’t bring much joy to the nation’s retailers, retail expert Stevan Buxbaum forecasts.

Buxbaum, a veteran of the retailing business who is executive vice president of Calabasas-based turnaround investors and consultants Buxbaum Group, says retailers can expect a small increase in holiday sales but no real strength – the same kind of middling performance they saw in back-to-school sales this summer.

“It will be a season without much steam. Same-store sales may rise a little, but you won’t see anybody knock the cover off the ball because the overall mood of the consumer is cautious,” Buxbaum observes. “That will translate into very disciplined spending, with people being very choosy and buying quality rather than quantity.”

Unlike past years when items such as denim were extremely popular with shoppers, it’s not clear what this season’s best sellers will be, Buxbaum says.

“Denim has gone on for so long that there is no burning desire for it among shoppers,” he contends. “Electronics have been selling well, especially flat-screen televisions because prices are down. That strength will continue during the holiday season, but it won’t be overwhelming because large numbers of people have already bought them and consumers with less disposable income are still waiting for prices to drop even further.”

Among toys, Buxbaum says, look for strong sales of the season’s hottest offering, the Elmo TMZ doll. “It’s the latest generation of the Elmo doll, and it’s what everybody is talking about,” he notes.

But don’t expect a repetition of the price wars of years past, when retail giants Toys ‘R’ Us and Wal-Mart slugged it out for the hearts and mind of shoppers. “Toys ‘R’ Us is now privately held, and the new owners will be less inclined to do unprofitable business. That means there will probably be fewer sales and more price stability, and you won’t see the battle we saw before,” Buxbaum believes.

Buxbaum notes that luxury items may continue to perform well this season. For instance, high-end men’s watches are selling briskly, he relates. Interestingly, that corresponds with a sharp drop in sales of juniors’ watches. “Watches for kids are really dead,” he says. “They don’t wear them anymore, since timekeeping is built in to the other things they own, like cellphones.”

What fashions will be hot? Expect to see more narrow-leg pants and jeans, Buxbaum relates. “People will want to have that new look. It’s the opposite of the past few years, and wearing them will make it easier for others to judge your fashion quotient,” he comments.

Buxbaum also expects strong sales of luxury leather goods, an area in which more and more retailers are competing fiercely. “There has been a real proliferation of expensive handbags,” he notes. “They are an easy item to buy. One size fits all and people can always use them. I’d look for a battle of the bags this season.”

But while luxury may do well, there is growing consumer concern about the economy, he notes.

“External factors are weighing heavily on their minds. They hear that the housing market is weak, and if they hear enough times that the economy is slowing down, that will affect their spending,” he explains. “In particular, between the impact of the weakened housing market and significantly higher interest rates from a year ago, many consumers who use their home equity lines to finance major purchases are having second thoughts about tapping that resource. Added to that, of course, are the impending huge cuts in payrolls at automotive manufacturers and companies that serve them. While some of these factors will be tempered by the sharp drop in gasoline prices seen over the past few weeks, in general, people are not going to be as loose with their money as they were in the past.”

“All things considered, it’s hard to predict what this season will be like,” Buxbaum concludes. “This is a time of great contrasts. The stock market is at an all-time record, yet there is bad news from the Mideast, North Korea and Washington. It’s the best and worst of all worlds all at the same time, and that makes the mood of consumers harder to judge with certainty.”

About Buxbaum Group - Buxbaum Group built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories across North America. While continuing to operate in those areas, the company has shifted its primary focus in recent years to turnaround investing.

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