GOING OUT OF BUSINESS SALES HAVE JUST BEGUN AT ALL 47 SPORT CHALET STORES IN CALIFORNIA, ARIZONA, NEVADA

NORTHBROOK, Ill., April 20, 2016 (GLOBE NEWSWIRE) -- Going out of business sales have now begun at all Sport Chalet stores in California, Arizona and Nevada. Storewide reductions of up to 30% off the lowest ticketed price are being taken on all merchandise at every location. The entire stock of famous brand sporting goods and apparel is discounted with no exceptions, including equipment for all team sports, fishing, camping, hiking, golfing, skiing and snow sports, skateboarding, water sports, fitness and training, plus all athletic apparel and footwear, sunglasses, accessories and more. Stores are receiving new shipments from the warehouse, so consumers will be able to take advantage of outstanding savings on a full selection of merchandise. (Visit www.sportchalet.com to find store locations.)

Sport Chalet gift cards, rewards certificates, and store credits will be honored at all stores through April 29, 2016.

Store fixtures, furniture and equipment are also available for sale at all locations.

The going out of business sales are being conducted by Sport Chalet with the assistance of a joint venture of Gordon Brothers Group and Hilco Merchant Resources. A spokesperson for the joint venture said, "Because of the significant discounts being offered on a complete assortment of top quality merchandise, and recognizing that Sport Chalet has a long and well respected history, we expect this will be a short sale and that stores will close soon. Consumers are encouraged to shop early for the best selection."

TO VIEW THE FULL STORE CLOSINGS LIST CLICK HERE

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. Hilco Merchant Resources' 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.  Additionally, HMR now includes among its 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, 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.  Hilco Global operates twenty specialized business units offering services that include asset appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory and operational consulting and strategic capital equity investments.  For more information please visit: (www.hilcoglobal.com).

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, mitigating leases, appraising assets and operating businesses for extended periods.  Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.  As of November 2014, debt financing is provided by Gordon Brothers Finance Company (www.gbfinco.com). 

Media Contacts:
Elizabeth Sarhaddi-Blue
Managing Director, Retail Marketing & Business Development
Gordon Brothers Group, Retail Division
(617) 422-6545
esarhaddi-blue@gordonbrothers.com

Gary Epstein
Chief Marketing Officer
Hilco Global
(847) 418- 2712
gepstein@hilcoglobal.com