Kitson store closing sales will end as soon as January 18th

By

Obi Anyanwu

Published
Jan 7, 2016

Los Angeles retailer, Kitson announced in December that it is shuttering all of its locations and on Wednesday, liquidators Gordon Brothers Group and Hilco Merchant Resources revealed that the closing sales at all of the Kitson stores would end on or before January 18.

The original sale offered merchandise for 30% to 50% off, but the discount has increased to 70% off. In addition to the high fashion apparel, gifts and novelty merchandise, the retailer is selling store fixtures, furniture and equipment.

The American media reported in December that the brand was in talks in interested parties to preserve the brand. In 2013, the retailer received a $15 million credit line from Salus Capital Partners to refinance its debts. Spencer Spirit Holdings Inc. agreed to extend a loan to Kitson to pay down the loan to Salus, but to no avail.

Kitson opened its first store in 2000 and launched many local designers and brands. The retailer became a premier shopping destination for celebrities including Paris Hilton and Lindsay Lohan. Kitson manages retail locations throughout California, in Oregon and Las Vegas and an online business.