Rockaway Bedding, a 24 year old chain of retail bedding stores, will liquidate all merchandise of the 64 remaining retail stores in a major sale managed by Hudson Capital Partners, LLC. The liquidation sale will be conducted under the orders of the U.S. Bankruptcy Court, which is supervising the Rockaway Bedding bankruptcy proceedings.
The sale will begin on Friday, July 13, 2007, and is expected to continue for approximately five weeks. Liquidation merchandise will include mattresses, boxsprings, and bed frames in all Rockaway Bedding stores located in New York, New Jersey, Pennsylvania, and Delaware.
“We are liquidating $20,000,000 million worth of merchandise from well-known bed furniture brands. This is a great opportunity for consumers, as they’re getting leading brand names such as Sealy, Simmons, Sterns and Foster, Serta, King Koil and Tempur-Pedic, Ortho Posture at a discount up to 60% off,” said Jim Schaye, President and CEO of Hudson Capital Partners.
Upon completion of the liquidation sale, the 64 remaining Rockaway Bedding stores will be closed. Approximately 134 of the former Rockaway Bedding locations will be re-opened under the Sleepy’s banner, as a result of Sleepy’s acquisition of the chain, which was approved in a court hearing on Monday.
For an insider's view of the Rockaway Bedding situation, go to the furninfo.com message board Rockaway message string at:
About Rockaway Bedding: Based in Randolph New Jersey, Rockaway Bedding is a 24 year old chain of retail bedding stores offering a wide selection of merchandise including mattresses, boxsprings and bed frames. With initial retail stores located in New Jersey, Rockaway quickly expanded its presence into New York, Pennsylvania, Delaware and the mid-Atlantic region.
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 the firm’s website at www.hudsoncpl.com.
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