In these roles, Mr. Marks will be responsible for day to day management and growth of the company’s wholesale consumer inventory practice, further enabling HMR to provide retailers, consumer products manufacturers and their advisors with a single-source omni solution for all inventory disposition requirements. Mr. Marks will work closely with all retail teams within Hilco Global seeking to optimize special inventory situations and build new revenue streams by leveraging his extensive experience in the retail, wholesale and off-price sectors.
In addition to his management role for Hilco Wholesale Solutions, Marks will also be responsible for expanding HMR’s growing digital platform called Deal Genius (www.dealgenius.com), while implementing new strategies including building a best in class off-price drop ship partner network.
Ben Nortman, Executive Vice President — Hilco Global and Co-Managing Partner at HMR, said, “We’re excited to add Seth to our management team. He brings more than 24 years of experience to HMR with an impressive reputation as a dynamic retail turnaround executive for many highly recognized retail organizations in the US.”
Mr. Marks joins HMR from Sears Holdings where he has most recently been serving as the Head of Strategic Merchandising, responsible for managing all off-price initiatives at Sears. Marks is well known in the industry and recognized as an innovator who has engineered unique strategic merchandising transformations at many of the retail organizations he has served. Mr. Marks also served as CEO of Liquidation World (formerly Big Lots Canada) where he worked from 2004 to 2011; Chief Merchandising Officer at Tuesday Morning Stores from 2011 to 2013; and, as Senior Vice President of Merchandising and Strategic Initiatives at Overstock.com from 2014 to 2016. Marks began his career at Hilco in 2000.
Mr. Marks said, “I look forward to leveraging the outstanding retail platform that currently exists at Hilco Merchant Resources. I plan to focus on growing the Hilco Wholesale Solutions practice which is well positioned to deliver truly innovative disposition services for retailers with underperforming and excess consumer products inventory.”
Mr. Marks graduated from the University of Arizona in 1994 and returns to the Metropolitan Chicago area having grown up in Highland Park, IL.
About Hilco Merchant Resources: Hilco Merchant Resources LLC (www.hilcomerchantresources.com), provides a wide range of analytical, advisory, monetization, and capital investment services to help define and execute a retailer’s strategic initiatives and retail disposition needs. The firm’s activities fall into several principal categories including acquisitions; store closing sales and the disposition of underperforming stores; retail company or division wind downs; event sales to convert unwanted assets into working capital; interim company, division or store management teams; loss prevention; and, the monetization of furniture, fixtures and equipment.
Hilco Merchant Resources is part of Northbrook, IL based Hilco Global (www.hilcoglobal.com), the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate repositioning and renegotiation, strategic advisory, operational consulting and strategic capital equity investments.
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SOURCE Hilco Merchant Resources