Gordon Brothers Group and DJM Real Estate to Manage the Store Closing Process and Real Estate Disposition for TigerDirect in the United States and Canada
Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors has been retained to manage the store closing process which includes inventory sales and real estate for TigerDirect retail locations throughout the U.S. and Canada. DJM Real Estate, a division of Gordon Brothers Group, has been retained to dispose of 27 TigerDirect stores in the United States and Canada. These properties are available for sublease or assignment and range from 14,000- 33,400 square feet.
TigerDirect, an IT products and solutions provider, made the strategic decision to accelerate its business-to-business and public sector customer focus. Under this new strategy it will exit substantially all of its consumer electronics brick-and-mortar retail stores. The Company will continue to serve the consumer market through its e-commerce platform www.tigerdirect.com. TigerDirect’s focus on the B2B marketplace reflects efforts made over the past several years to invest in and strengthen its ability to serve business customers. Store closing sales began today, March 12th and involve significant discounts on all merchandise, as well as store furniture, fixtures and equipment.
“We appreciate the continued support of our valued customers over the years and hope they take advantage of the significant discounts during these store sales events. We also encourage our customers to continue to shop tigerdirect.com for future savings and an outstanding assortment of products,” said Adam Shaffer, President, TigerDirect Business.
For more information regarding the disposition of these retail properties, please contact Andy Couch at 207-650-7154 or [email protected] Detailed property information will be available shortly at www.djmrealestate.com.
For more than 25 years, TigerDirect.com has served the technology needs of both business and personal users, selling consumer electronics, computers, digital media technology and peripherals via business-to-business, Internet and catalog channels. Beyond its vast product offerings, TigerDirect has become a trusted partner to hundreds of thousands of small and medium sized businesses (SMBs) and public sector organizations by providing a suite of IT solutions and services. TigerDirect.com is a subsidiary of Systemax Inc. (NYSE: SYX).
About Systemax Inc.
Systemax Inc. (www.systemax.com), a Fortune 1000 company, sells industrial and computer products through a system of branded e-commerce websites, relationship marketers and retail stores in North America and Europe. The primary brands are Global Industrial, MISCO, Inmac Wstore and TigerDirect.