Sofas & More To Close All California Stores

BUSINESS WIRE ^ | AUG 20,2003

[Willie Green]

For education and discussion only. Not for commercial use.

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 20, 2003--Store closing sales have just started at all Top Furniture Company, Inc. stores. These stores have operated under the trade name of Sofas & More, Top Furniture and Woodworks Furniture. Top Furniture was the largest independently owned furniture chain in Northern California. This family owned business has been in operation for over 50 years.

Top Furniture selected Hilco Merchant Resources to conduct the sale at all locations. The selection was approved by The United States Bankruptcy Court for the Northern District of California.

Over $3 million of inventory will be liquidated during the sale period. Liquidated will be all sofas, sectionals, chairs, tables, beds, leather furniture recliners and much more.

Currently, signs are being hung in the stores and deep discounts are being taken on all merchandise in these closing stores. Consumers will be able to take advantage of substantial discounts on all the inventory.

Anton Caracciolo, Executive Vice President of Hilco Merchant Resources stated, "We are extremely pleased to have been selected to participate in this important project. Hilco Merchant Resources has been a strategic partner to many fine firms in the furniture industry that have restructured or changed directions."

"I urge customers to come in now for the best selection. Such brands as Benchcraft, Palliser, Rowe, Berkline and Guildcraft are now on sale."

Based in Northbrook, IL, Hilco Merchant Resources provides high yield strategic retail inventory liquidation and store closing services. Over the years, Hilco principals have disposed of assets valued in excess of $30 billion. Hilco Merchant Resources is part of the Hilco Organization, a provider of asset valuation, acquisition, disposition and financing to an international marketplace through eight specialized business units. Hilco serves retailers, manufacturers, wholesalers, distributors and importers, direct and through their financial institutions and consulting professionals. Services include: retail store, warehouse and factory closings, and inventory liquidations, through sales and auctions; asset appraisals covering retail and industrial inventory, machinery, equipment, accounts receivables and real estate; disposition of commercial and industrial real estate and leaseholds; purchase and liquidation of distressed accounts receivables portfolios; acquisition and re-marketing of excess wholesale consumer goods inventories; and secured debt and equity financing. The Hilco organization, headquartered in Chicago, has offices in Boston; New York; Los Angeles; Miami; Atlanta; Flagstaff; Detroit; and London, England. For more information please visit our web site: www.hilcotrading.com.

The Store Closing Sale Is Being Conducted at These Locations:

    19875 Stevens Creek Blvd. Cupertino CA
    1030 Blossom Hill Rd. San Jose CA
    1150 Concord Ave. Concord CA
    1450 Fitzgerald Dr. Pinole CA

[Wolfie]

Don't worry, there's still Sofa King. They're prices are "Sofa King Low!"

[WestPacSailor]

"Sofa King Low!"

Reminds me of a joke:(Gotta read it out loud for it to make sense)

I am re Todd Ed.

I am re Todd Ed

I am sofa king re Todd Ed.

[FairOpinion]

Another CA business is closing. One of many.

Just wait until we have a few years of Governor Bustamante...

[FITZ]

And Big Lots has some real cheap sofa ---- plus we can learn to sit on the floor.

[socal_parrot]

Lived here all my life, never heard of them.

[Hugin]

Just wait until Gov. Bustedmental inacts his plan to raise taxes on businesses.

[wayoverontheright]

One step closer to Califoreclosure.

[retrokitten]

I sent that to my mom a couple of years ago. She didn't get it and kept reading it out loud over and over. My dad was in the room and was laughing so hard he could hardly tell her to slow down and listen to the words that were coming out of her mouth.

She kept saying, "sofa king re Todd ed? I don't get it."

[lelio]

A furniture store up here in Seattle has been going out of business for years. What's odd is that when one store closes they open up another one. For the life of me I can't remember the name of it.

In their ads they are screaming about their low low prices. First off why are they yelling to sell a kitchen table? Second off, doncha think there's something wrong with your prices if you keep on going out of business?

[cmsgop]

Where did you get that Gif of TLBSHOW, That a keeper, you Ratty Rat FReeper...... :*)

[Teacher317]

Exits, not Entrees, on the menu (SF eateries closing)

[cmsgop]

Go To Southcenter, Every Friggin week they have a "Going Out Of Biddness Sale. It's sales pitch

[WestPacSailor]

Where did you get that Gif of TLBSHOW

What is tlbshow?

[cmsgop]

A Boil that has been lanced.....

[WestPacSailor]

Which .gif were you referring to?

[Tacis]

That will mean a bunch a Mexican wetbacks will be unemployed. They'll go to the state and claim unemployment insurance on wages that were never reported and the state will award benefits paying them about twice what they were making at Sofa King. The benefits will run out in six months.

The more clever wetbacks will get hurt on the job and claim workers' compensation. They'll get a lot more cash and it will go on a lot longer. Memebrs of both groups will be able to pick up another matricula and set of ID and go to work somewhere else without effecting the state benefits driven by the Sofa King employment.

The black kids in Watts are still unemployed and will stay that way. Potential employers would have to pay them about the same as the Mexicans, but they'd also have to pay the taxes and contributions into the state pool. So, the black kids are SOL. There is always, of course, crime and continued poverty.

[cmsgop]

This One.

[WestPacSailor]

I got this one

from animationfactory.com