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

 

 

SHOPPERS CAN EXPECT QUICK HOLIDAY BARGAINS
AS WORRIED RETAILERS CUT PRICES EARLY IN SEASON
- Buxbaum Group’s Stevan Buxbaum says consumers will be more selective


AGOURA HILLS, Calif. (11/5/07) – Shoppers won’t have to wait long for merchandise to go on sale this holiday season, retail expert Stevan Buxbaum forecasts.

With the economy slowing and consumer spending sagging, “We’ll see a lot of retailers discounting earlier. They’re not going to play the game of waiting to see if someone else cuts prices first,” says Buxbaum, a veteran of the retailing business who is executive vice president of Agoura Hills-based turnaround investors and consultants Buxbaum Group. “We’ve already seen Wal-Mart make a price move at the beginning of October. It’s not even waiting for Halloween, and that’s amazing.”

At the same time, Buxbaum said, nervous consumers are likely to make changes in where they shop this year. “People will move down a notch in their consumption habits,” he believes. “If they were department store shoppers, you might see them a little more inclined to shop at Target. If they shopped at Abercrombie & Fitch last year, they may turn instead to a less-expensive retailer like Aeropostale. They will still be looking for strong fashion items, but they may go a notch down in terms of price.”

The issue of price may be especially important when it comes to European luxury items such as leather goods. The luxury category will continue its appeal to consumers, but the appreciation of the euro against the U.S. dollar has made merchandise made in Europe more expensive than last year. Buxbaum believes U.S. producers of luxury goods – including companies such as Coach – will benefit as a result. “People will be more selective about higher-priced items,” he notes. “Instead of buying a Louis Vuitton purse and wallet, they may just buy the purse. Some may also forego the overseas brands altogether and instead turn to Coach or other better domestic labels.”

As was the case last year, electronics will remain hot with holiday gift-givers this year, Buxbaum predicts. “The lower price point of flat-screen televisions has made them extremely desirable as gifts, and they will remain that way,” he says. “In addition, the price reduction on Apple’s iPhone will make it a strong potential purchase.”

Buxbaum also believes that accessory sales will remain strong this season, especially those for ‘one-size’ items such as handbags, but that the jewelry category may struggle. “It is more expensive this year thanks to the rising prices of precious metals, and you won’t get quite as much for your dollar,” he notes.

When it comes to apparel, much will depend on the season’s weather. “We stayed warmer than usual last year, and that slowed down sales of outerwear,” Buxbaum says. “That means a lot of that merchandise is back in the stores this year at heavy promotional prices. Those goods could move if the weather turns colder early on, but if it doesn’t that merchandise is going to sit again.”

About Buxbaum Group - Buxbaum Group had 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. For more information, visit: www.buxbaumgroup.com.

Press Contacts: At Buxbaum Group, Steven Buxbaum, (612) 363-6517 or (818) 878-3900; at Parness & Associates Public Relations, Bill Parness, (732) 290-0121.