Dormia, a leading mattress retailer and manufacturer with 20 stores across the Central and Eastern United States, will conduct a court ordered liquidation sale beginning Thursday, July 3. The company filed for Chapter 11 bankruptcy protection earlier this year and the court selected Hudson Capital Partners, LLC to manage the store liquidations.
Inventory valued at approximately $4.3 million will be liquidated at below-market prices in a sale that is expected to last approximately 10 weeks. Merchandise to be sold will include a wide range of high quality mattresses, pillows, bed covers and other bedding accessories. The liquidation sale will involve all 20 Dormia locations in 9 states (see store list attached). Following the liquidation of the stores, Dormia will continue to manufacture bedding products for sale by other retailers, but will no longer have any store locations.
“Dormia is a top-tier, well-respected bedding brand and this sale provides a great opportunity for consumers to acquire these quality products at a substantial discount,” said Jim Schaye, President and CEO of Hudson Capital Partners.
Dormia manufactures its products in a world class 110,000 square foot facility located in Jessup, MD. It is one of the most modern factories dedicated exclusively to latex and memory foam mattresses. Dormia products are engineered for quality by skilled craftsmen; their ultimate goal, to blend the finest materials into each and every mattress they build. As a whole, Dormia is recognized as an industry.
Dormia’s liquidation sale follows last week’s announcement that The Room Source, a moderately-priced furniture chain, has filed for Chapter 11 and will conduct a court-ordered bankruptcy liquidation sale managed by The High Point Group and Hudson Capital Partners.
About Dormia
Dormia Inc., headquartered in Jessup, Maryland, was formed when Advanced Comfort, Inc., founded in 1991, a mattress retailer dedicated to selling mattresses that ensure longer lasting sleep, purchased the assets of Classic Corporation, founded in 1971. Classic was one of the leading manufacturers of specialty sleep products and in 1985 was publicly traded on the New York Stock Exchange.
About Hudson Capital Partners, LLC
Hudson Capital Partners, LLC offers an extensive array of professional solutions to the challenges retailers face today, including management of excess, obsolete and discontinued inventory, changing geographic and demographic circumstances, unproductive store sites, and real estate and liquidity issues. The firm’s diversified staff is experienced at performing strategic store closings and relocations, fixed asset dispositions, wholesale inventory buyouts and lease mitigations. To learn more about Hudson Capital Partners, please visit www.hudsoncpl.com.
Dormia Store Locations to Hold Liquidation Sale | ||||||
| CT | Danbury Fair Mall | 7 Backus Ave | Danbury, CT 06810 | |||
| FL | Westfield Countryside Clearwater | 27001 US-19 N, Suite 1015 | Clearwater, FL 33761 | |||
| Citrus Park Mall | 8021 Citrus Park Drive Suite 7979a | Tampa, FL 33625 | ||||
| Westfield Sarasota Square | 8201 Tamiami Trail, Suite 29 | Sarasota, FL 34238 | ||||
| Brandon Westfield Mall | 459 Brandon Town Center Mall Ste 313 | Brandon, FL 33511 | ||||
| GA | Town Center at Cobb | 400 Ernest Barrett Pkwy. Suite 107 | Kennesaw, GA 30144 | |||
| Mall of Georgia | 3333 Buford Drive | Buford, GA 30519 | ||||
| IN | Clearwater Shoppes | 3949 East 82nd St | Indianapolis, IN 46240 | |||
| KY | Florence Mall | 2023 Florence Mall | Florence, KY 41042 | |||
| Fayette Mall | 3473 Nicholasville Road | Lexington, KY 40503 | ||||
| NC | Cary Towne Center Mall | 1105 Walnut Street Suite E-4448 | Cary, NC 27511 | |||
| Crabtree Valley Mall | 4325 Glenwood Ave. | Raleigh, NC 27612 | ||||
| NJ | Garden State Plaza | 1 Garden State Plaza | Paramus, NJ 07652-2417 | |||
| Menlo Park Mall | 55 Parsonage Rd | Edison, NJ 08837 | ||||
| NY | Poughkeepsie Galleria | 790 South Road. | Poughkeepsie, NY 12601 | |||
| Palisades Mall | 2761 Palisades Center Drive | West Nyack, NY | ||||
| Galleria at Crystal Run | 1 North Galleria Road | Middletown, NY 10941-3032 | ||||
| OH | Kenwood Sycamore Plaza | 7800 Montgomery Road | Cincinnati, OH 45236 | |||
| Polaris Fashion Mall | 1500 Polaris Parkway | Columbus, OH 43240-2126 | ||||
| Dayton Mall | 2700 Miamisburg Centerville Rd | Dayton, OH 45459 | ||||
Contacts:
Melissa Jaffin, 212-994-4660
mjaffin@bcg-pr.com
