National Stores Begin Store Closing Sales Immediately At 74 Select Fallas Locations As Part Of Recent Chapter 11 Filing

NORTHBROOK, Ill., Aug. 10, 2018 /PRNewswire/ -- Hilco Merchant Resources announced today that it will manage the store closing process and run retail sales at 74 of the 344 National Stores.  The specific stores that will be closing are currently branded as Fallas stores across the country.  The store closing process is the result of the recently announced Chapter 11 Bankruptcy filing by parent company National Stores on August 6, 2018.  As part of the restructuring, management at the retail chain has conducted a store rationalization process resulting in the shutdown of these specific stores. 

Shoppers will find deep discounts starting immediately at the 74 Fallas stores across 18 states at the locations listed below.  Significant reductions of 30% off the lowest ticketed prices begin immediately on a wide variety of items including school uniforms, backpacks, school supplies, lunch boxes, apparel and shoes for the whole family.  Consumers can take advantage of tremendous savings on a full selection of merchandise in a wide range of styles and sizes.  The sale will also feature great deals on items such as furniture and other home goods.  Famous brand names in all departments will be on sale.

Ben Nortman, CEO at Hilco Merchant resources said, "These stores are well known in the local markets where they have served their communities for years.  The sale provides an opportunity for consumers to buy products at compelling discounts and we expect this will be a short sale. Consumers are encouraged to shop early for the best selection."

About Hilco Merchant Resources, LLC:  Hilco Merchant Resources (www.hilcomerchantresources.com) provides a wide range of analytical, advisory, asset monetization, and capital investment services to help define and execute a retailer's strategic initiatives.  Activities fall into several principal categories including acquisitions; disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; facilitation of mergers and acquisitions; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.  HMR subsidiaries the nation's premier fixture and equipment liquidation firm, Hilco Fixture Finders (www.hilcofixturefinders.com)  as well as the popular online retail and daily deal e-commerce company, Deal Genius, LLC (www.dealgenius.com).  Hilco Merchant Resources is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), one of the world's leading authorities on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.

About National Stores:  National Stores is a 344-store chain in twenty-two states and Puerto Rico. National Stores currently does business as Fallas, Fallas Paredes, Fallas Discount Stores, Factory 2-U, Anna's Linen's by Fallas, and Falas (spelled with single "l" in Puerto Rico). The National Stores are located in retail plazas, specialty centers, and downtown areas to serve the communities its customers and staff members call home.

SOURCE Hilco Merchant Resources