Over the past year, Hudson Capital has helped liquidate nearly 2,000 stores - almost 10 times more than in 2007 - from onetime giants such as Linens 'N Things, Steve & Barry's, Tweeter, Mervyn's, and Norwood furniture chain Domain Home. Hudson Capital's sales revenues grew from $450 million to $2 billion. During the past 12 weeks, Hudson Capital has added 100 workers to its staff, mostly in the field, for a total of 200 employees. And the deteriorating economic environment means business could double next year.
Sunday, November 30, 2008
As retailers reel, a call for the liquidators
The Boston Globe reports: