B. Riley Financial
Mar 2, 2017

Great American Group to Close All 237 Family Christian Stores Nationwide

LOS ANGELES, March 2, 2017 /PRNewswire/ -- Great American Group, LLC (GA), a leading provider of advisory and valuation services, asset disposition and auction solutions and a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), announced today that it will close all 237 Family Christian stores in 36 states nationwide.

"Great American Group's history of working with the brand has given us leverage in knowing their merchandise and understanding their customers," said Scott Carpenter, President of GA's Retail Solutions division. "Now our task will be discounting all of the merchandise in the stores until it is completely liquidated. Loyal customers and the general public will be able to shop online and in stores and receive significant savings on a wide variety of merchandise."

The store closing sales started February 25, 2017 and are expected to last several weeks before all of the merchandise is sold in the store locations and online. Customers can expect to see initial discounts up to 30% off all merchandise. To find a store closing sale near you, click here.

About Family Christian
Located in the United States, Family Christian is the world's largest Christian-focused retailer. The nonprofit organization has approximately 237 stores in 36 states. The organization offers a variety of Christian-themed merchandise, including apparel, Active Faith athletic wear, Bibles, books, home decor, art, gifts, DVDs, kids' products and music. In addition to its physical stores, Family Christian provides consumers with access to all of these resources through www.familychristian.com, its eCommerce platform. When you shop with Family Christian, your purchases support efforts to unite with ministries that are helping children and families in need around the U.S. and the world. Learn more at http://www.familychristian.com/about.

About Great American Group, LLC
Great American Group, LLC is a leading provider of advisory and valuation services, asset disposition and auction solutions. Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. 

B. Riley Financial, Inc. is a publicly traded, diversified financial services company which takes a collaborative approach to the capital raising and financial advisory needs of public and private companies and high net worth individuals. The Company operates through several wholly-owned subsidiaries, including B. Riley & Co., LLC (www.brileyco.com), Great American Group, LLC (www.greatamerican.com), and B. Riley Capital Management, LLC (which also includes B. Riley Asset Management (www.brileyam.com) and B. Riley Wealth Management, (  www.brileywealth.com)). The Company also makes proprietary investments in other businesses, such as the acquisition of United Online, Inc. (www.untd.com) in July 2016, where B. Riley Financial, Inc. is uniquely positioned to leverage its expertise and assets in order to maximize value.

CONTACT: Caroline Crawford, 818-746-9526, ccrawford@brileyco.com

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SOURCE Great American Group, LLC

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