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OH-Based Kitchen Collection Chain Will Go Dark
Store closing sales have begun at Kitchen Collection’s 160 locations and will continue through the holidays. The Chillicothe, OH-based retailer’s parent company, Hamilton Beach Brands Holding Company, recently announced it would wind down Kitchen Collection’s retail operations by the end of 2019.
“Despite our best efforts to return Kitchen Collection to profitability through footprint consolidation, further deterioration in foot traffic has lowered our outlook for the prospects of a future return to profitability and positive cash flow generation,” said Hamilton Beach Brands CEO Gregory Trepp.
Hamilton Beach previously closed about 35 underperforming locations, and Trepp attributed the decline in foot traffic to “the consumer shift to e-commerce sales.”
Conway MacKenzie is serving as financial advisor and Hilco Merchant Resources will assist management during the sale process of Kitchen Collection inventory and store fixtures. Kitchen Collection has locations in all regions of the U.S., primarily in outlet centers.
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