Liquidation World Inc.
TSX : LQW

Liquidation World Inc.

September 21, 2010 08:00 ET

Liquidation World Announces Rebranding of 11 Stores Across Canada

BRANTFORD, ONTARIO--(Marketwire - Sept. 21, 2010) - Liquidation World Inc. (TSX:LQW) ("LW") is pleased to announce the Grand Re-Openings of its rebranded "LW – Everybody's Outlet Store" in 11 existing locations across Canada. LW has now completed 26 conversions from legacy stores to its rebranded store format, as well as opened 7 new stores. 

The rebranded stores are located in: British Columbia (Kamloops, Maple Ridge, Mission, Powel River and Vernon); Alberta (Westlock, Wetaskiwin); and Ontario (Leamington, St. Catharines and two locations in Windsor). 

The company currently operates an additional 55 stores operating under the legacy "Liquidation World" banner. It continues to evaluate additional stores for rebranding using various criteria including POS margin and average basket as well as revenue. 

As part of its strategy to refresh, renovate and expand stores, providing a new and rebranded shopping experience offering brand name fashion, furniture, home décor, sporting goods, linens, toys, hardware, groceries and more all at deep discount prices, LW continues to execute on its rebranding strategy as well as identify potential new store locations across Canada.

"We look forward to reporting on the performance of these rebranded stores as they ramp up during the busy fall and winter retail seasons", commented Seth Marks, LW's President and CEO. "We also look forward to announcing additional launches and new store openings as they come on stream", Marks said. 

Forward-Looking Statements

This release includes forward-looking statements and potential future circumstances and developments. Forward-looking statements regarding future performance are subject to risks and uncertainties, and actual results may differ materially. Due to fluctuations in gross margins and expenses, an increase in revenue and improvement in performance does not directly correlate to an increase in net earnings.

About Liquidation World

Liquidation World liquidates consumer merchandise through 88 stores in Canada and one in the United States. The Company solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers, wholesalers and other organizations. Liquidation World is based in Brantford, Ontario. The Company opened its first store in Calgary, Alberta in 1986 and today, with more than 1,500 employees, is Canada's largest liquidator.

Contact Information

  • Liquidation World Inc.
    Seth Marks
    President and CEO
    (519) 720-2552
    (866) 237-3778 (FAX)
    sethm@lwstores.com
    or
    Liquidation World Inc.
    Chris Rath
    CFO
    (519) 720-2553
    (866) 237-3778 (FAX)
    chrisr@lwstores.com