Coast Appliances has started its going out of business sales at its 17 locations across Canada and online at coastappliances.ca.
Hilco Global, a leading global asset management and disposition firm, said it is managing these sales following Coast Appliances filing under the Companies’ Creditors Arrangement Act and subsequent court approval to commence the liquidation of the business.
“This is an exceptional opportunity for consumers and trade professionals to purchase premium appliances including rarely discounted luxury brands like Wolf, Sub Zero, Thermador and more, at meaningful savings with manufacturers’ warranties intact,” said Hilco in a news release.
“Customers are encouraged to shop early for the best selection. All stores are open and purchases are available for immediate pick up. Coast will continue to provide delivery, hauling and installation services as well as financing options for the duration of the sale.”
Sale Details:
- Discounts range from 10% to 30% off across the stores; with additional bundle and save opportunities on small and major appliances for a limited time. Deeper discounts are applied to Scratch & Dent, and Open Box appliances.
- Discounts valid in all stores and online at coastappliances.ca.
- Manufacturers’ warranties remain in effect for new and display appliance purchases.
- Delivery, hauling, installation and financing options remain available.
- Purchases are available for immediate pickup.
- All sales are final – no exchanges, refunds or cancellations.
- Sales of select store fixtures, furnishings, and equipment will begin soon at all locations.
- Find Participating locations HERE.
“Coast Appliances’ going out of business sale presents a compelling opportunity for contractors, developers, wholesalers, and retail competitors. In-stock inventory from top-tier brands is available at discounted prices and ready for immediate pickup across all store locations. Trade buyers are encouraged to act early to secure the best selection and pricing. Interested bulk buyers should reach out directly (coastliquidation@hilcoglobal.com),” said the company.
On April 17, the Supreme Court of British Columbia granted an Initial Order under the Companies’ Creditors Arrangement Act in respect of Coast Appliances and PricewaterhouseCoopers Inc. was appointed as the Court-appointed Monitor with enhanced powers to oversee the proceedings. On April 27, the Court granted an Amended and Restated Initial Order and approved a Liquidation Order, which among other things, approved Hilco Canada Holdings, ULC as agent to conduct a liquidation sales process for Coast’s inventory, furniture, fixtures and equipment, explained Hilco.
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