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 $3.5 BIL. THROUGH FIRST NINE MONTHS OF 2003; Firm on Target to Reach $5.0 Bil. for Full Year

CALABASAS, Calif. (12/9/03) -After surpassing the $3.5 billion mark through the first nine months of this year, Buxbaum Group's appraisal division continues on a track to appraise upwards of $5.0 billion of consumer products inventories at cost value during 2003. The Calabasas-based firm's appraisals are executed on behalf of lending institutions at manufacturing, wholesale and retail companies.

In a continuation of the trend seen during the first half of 2003, approximately 50% of Buxbaum's appraisal activity through the nine months ended September 30 was on wholesale distribution inventories, some 15% has been in the manufacturing sector, and the remaining 35% has been on retail inventories. This signifies a shift from 2002, when the retail segment represented 45.7% of the inventories appraised by the firm; wholesale distribution accounted for 43.2%; and the remaining 11.1% was derived from projects at a variety of combined manufacturing/wholesale distribution and/or wholesale distribution/retail operations.

"We continue to see a substantial portion of our appraisal business concentrated in the wholesale distribution sector," said Buxbaum Group vice president Jim Siebersma, who directs the appraisal unit. "While our core strength and reputation over the years remains as 'retail experts,' our client base now realizes that the breadth of our expertise extends far beyond retailing and into the manufacturing and wholesale distribution arenas."
The firm recently launched a series of seminars for lenders that address the unique issues associated with appraising and liquidating wholesale inventories. "We have become very knowledgeable of the characteristics and nuances of liquidation in the wholesale industry, which is quite different from retail," Siebersma noted. "Our goal is to take that knowledge and use it to educate lenders on the many pitfalls of wholesale liquidation that run counter to retail liquidation, as well as to assist in managing loans to wholesale operations."

Following an initial series of seminars this fall, the firm intends to roll the program out to all of its lending industry clients during the first half of 2004.

In addition to its consumer products inventory appraisal practice, the firm's Buxbaum/Century affiliate has appraised machinery and equipment valued in excess of $400 million through the first nine months of 2003. "Over the past year we have increased our staff in the field of machinery and equipment auctions and appraisals, and anticipate this niche of our business to continue to grow." said Siebersma.

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, Jim Siebersma, (800) 990-6820; at Parness & Associates Public Relations, Bill Parness or Lisa Kreda (732) 290-0121.