Trak Auto Stores to Hold Final Liquidation Sales
CHICAGO--Nov. 15, 2001--Car owners and "do-it-yourself" mechanics will find all the quality automotive parts and accessories they need at liquidation prices as store closing sales begin in 79 regional Trak Auto stores throughout Illinois, Wisconsin and Indiana.The sales are part of a restructuring strategy implemented by Trak Auto, the leading retailer in discount automotive parts operating under the trade names of Trak Auto, Super Trak, Super Trak Warehouse and Trak Auto Parts Warehouse. All other Trak Auto stores will remain open and conduct business as usual.
The final liquidation sales in the Illinois, Indiana, and Wisconsin stores start today. Discounts are being taken on all merchandise including oil, tires, cleaners, filters, batteries, and radiators. Well-known brand names such as ACDelco, Armor All, Pennzoil, STP, Bosch and Castrol will be featured in the liquidation
"The extensive automotive inventory and quality brand names available at the closing Trak Auto Stores will offer the `home' mechanic the opportunity to purchase many additionally discounted values . . . adding more outstanding buying power for the dollar," said Cory Lipoff, Executive Vice President of Hilco Merchant Resources. Hilco Merchant Resources, Hilco Real Estate, LLC and Gordon Brothers Retail Partners LLC have been appointed by the bankruptcy court to manage the sales.
Hilco Merchant Resources, a Chicago based firm with offices in Boston, Toronto and London, is a broad-spectrum financial resource with unparalleled asset knowledge and expertise. Hilco is composed of the top people in the fields of inventory, machinery, equipment and real estate appraisal services, machinery & equipment auction services, real estate services, merchant resources for the redeployment of inventory, acquisition of receivables and junior secured debt financing. This senior management team has an average of 20 years in their respective business area and Hilco has done in excess of $15 Billion in transactions.
Founded in 1903, Gordon Brothers Group helps both healthy and underperforming retail companies maximize the value of their assets through the disposition of excess inventory and real estate, the facilitation of mergers and acquisitions, the appraisal of retail assets and the provision of equity and Tranche B capital. During the past two years, Gordon Brothers converted over $9 billion worth of inventory into cash for its clients, disposed of and/or mitigated over $2 billion of leasehold obligations, conducted appraisals on $40 billion of retail inventories, and provided financing to some of the nation's premier retailers.
Editor's Note: A list of the closing stores is attached.
List of 79 Trak Auto Stores
Address City State
12121 South Western Avenue Blue Island IL
2935A West 159th Street Markham IL
4553-A W. 211th Street Matteson IL
17518 S. Halsted Homewood IL
949 E. Sibley Blvd. Dolton IL
797 Civic Center Plaza Niles IL
4747 North Harlem Avenue Harwood Heights IL
3560 E. 118th Street Chicago IL
8915 Stony Island Avenue Chicago IL
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122 S. Brolingbrook Dr. Bolingbrook IL
7020 West 159th Street Orland Park IL
8014 South Cicero Burbank IL
9600 South Roberts Road Hickory Hills IL
525 S. Schmale Road Carol Stream IL
767 River Oaks Drive Calumet City IL
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2408 Route 30 Oswego IL
996 N. Auora (Rt 59) Aurora IL
1261 North Lake Street Aurora IL
380 West Galena Blvd Aurora IL
406 Ogden Avenue Downers Grove IL
348 -120 W. Army Trail Road Bloomingdale IL
2105 W. 75th Street Darien IL
530 E. North Avenue Glendale Heights IL
1105 South York Road Bensenville IL
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372-74 East Townline Road Mundelein IL
1071 South Roselle Road Schaumburg IL
323 S. Barrington Road Schaumburg IL
264 W. Rand Road Arlington Heights IL
1060 South Elmhurst Road Mt. Prospect IL
450 Dundee Road East Dundee IL
1403 N. Lewis Avenue Waukegan IL
500 East Rollins Road Round Lake Beach IL
649 E. Dundee Road Palatine IL
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2654 West Belvidere Road Waukegan IL
1756 N. Richmond Road McHenry IL
4427 US Highway 14 Crystal Lake IL
1701 North Larkin, Space Crest Hill IL
2051 State Road St Charles IL
45 Clocktower Plaza Elgin IL
2404 Main Street Evanston IL
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6405 West North Avenue Oak Park IL
560 N. Mannheim Rd Hillside IL
2531 W. Cermak Chicago IL
4832 W. Cermak Cicero IL
5555 S. Brainard Countryside IL
17 West North Ave Northlake IL
2801 North Cicero Avenue Chicago IL
1415 West Lake Street Addison IL
5915-17 South Archer Chicago IL
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4412 South Pulaski Road Chicago IL
4742 North Pulaski Chicago IL
6800 S. Pulaski Road Chicago IL
5220 North Milwaukee Chicago IL
3301 N. Milwaukee Avenue Chicago IL
2140 N. Milwaukee Avenue Chicago IL
3748 N. Elston Avenue Chicago IL
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5411 North Broadway Chicago IL
1310 North Ashland Chicago IL
7311 S. Ashland Avenue Chicago IL
3201 South Ashland Avenue Chicago IL
3900-K West Madison Street Chicago IL
4428 North Avenue Chicago IL
4726 N. Western Avenue Chicago IL
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4630 South Bishop Chicago IL
7352 South Stony Island Chicago IL
112 West 87th Street Chicago IL
6240 North Western Avenue Chicago IL
5917 S. Western Avenue Chicago IL
5401 S. Wentworth Chicago IL
3939 West Ogden Avenue Chicago IL
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6433 Columbia Avenue Hammond IN
430 W. North Avenue Milwaukee WI
7625 West Fond Du Lac Milwaukee WI
1331 W. Burnham Avenue Milwaukee WI
6830 Green Bay Road Kenosha WI
6341 S. 27TH Street Franklin WI
5509 Durrand Avenue Mt. Pleasant WI
2950 S. 108TH Street West Allis WI
6731 West Greenfield Ave West Allis WI
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