Heilig-Meyers Liquidating Stores

Staff On May 21 2001 - 6:00am

RICHMOND, VA. — Going out of business sales are in full swing at Heilig-Meyers' 346 stores.

The process is being handled by a partnership of liquidators approved by the U.S. Bankruptcy Court for the Eastern District of Virginia. The group is comprised of Hilco Merchant Resources, Chicago; Schottenstein Bernstein Capital Group, Columbus, Ohio, and Great Neck, N.Y.; The Ozer Group, Needham, Mass.; and Professional Sales & Consulting Co., Enterprise, Ala., and Orlando, Fla.

The four prevailed over several other companies for the chance to liquidate more than $250 million in inventory at the Heilig-Meyers units. The bankrupt furniture, majap and CE retailer said it will now concentrate its resources on its 54 remaining Room-Stores locations.

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