Beacon Blankets liquidates inventory

Swannanoa, NC — Driving the last nail in the coffin of Beacon Blankets, a U.S. bankruptcy court in North Carolina has named a closeout company to sell off the century-old company's remaining inventory of more than one million blankets and throws.

Ozer Wholesale Services of Needham, MA, was appointed by the court to liquidate the remaining inventory, a stockpile of blankets that Ozer said it values, perhaps optimistically, at more than $25 million.

The closeout specialist said it will sell off the Beacon stockpiles, including a variety of constructions, designs and brands, "domestically and abroad to its client base of major retailers" in what is likely to be "the largest liquidation sale of this kind to date." Jerry Goldstein, Ozer president, added, "We expect to move through this inventory in quick order."

The liquidation sale, begun last week, turns the page to the last chapter in the blanket producer's lately troubled history. Until recently, Beacon was the nation's largest blanket producer before neglect, a sale and a failed, costly resuscitation forced it into Chapter 11.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!