Gordon Brothers Group Closing all 76 TABI Locations

Press Release

BOSTON, MA – After 30 years as a leading Canadian retailer, TABI is closing all 76 stores. The store closing sales began on Friday, April 1, 2011 and will continue until all merchandise has been sold. TABI filed a Notice of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act and Farber Financial Group was appointed as Proposal Trustee and Receiver to assist the Company in this process.

The disposition of inventory and store fixtures is being managed by a joint venture between Gordon Brothers Group and Hilco Merchant Resources. Store closing sales feature savings from 20% to 40% off original prices on a wide selection of ladies’ apparel. “Within TABI’s signature blue doors, customers will find new spring arrivals of quality merchandise such as Canada’s Favourite Cotton Sweater and the Wilson pant,” Jeff Paronto, Chief Operating Officer of Hilco Merchant Resources and Lee Cote, Principal of Gordon Brothers Group jointly stated. “Merchandise will sell out quickly so we encourage customers to shop early when the broadest selection of merchandise is available.”

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