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Store Closing Sales Procedures Guide

The document outlines procedures for store rationalization and closing sales. It states that store closing sales shall be conducted during normal business hours in accordance with applicable laws and lease terms. It also specifies that signs used must be professionally lettered, exterior banners and signwalkers can be used, and alterations to lighting or amplified sound are prohibited. The document further notes that no landlord property shall be removed or sold during closing sales and premises must be kept clear and orderly.

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46 views2 pages

Store Closing Sales Procedures Guide

The document outlines procedures for store rationalization and closing sales. It states that store closing sales shall be conducted during normal business hours in accordance with applicable laws and lease terms. It also specifies that signs used must be professionally lettered, exterior banners and signwalkers can be used, and alterations to lighting or amplified sound are prohibited. The document further notes that no landlord property shall be removed or sold during closing sales and premises must be kept clear and orderly.

Uploaded by

tanzu4u
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Store Rationalization Procedures

1.

The Store Closing Sales shall be conducted during normal business hours or such

hours as otherwise permitted by the applicable lease; provided that the Debtors shall abide by
any applicable shopping center guidelines regarding maintenance, security, and trash removal.
2.

The Store Closing Sales shall be conducted in accordance with applicable state

and local Blue Laws, and thus, where applicable, no Store Closing Sales shall be conducted on
Sunday, unless the Debtors have been operating such stores on Sundays.
3.

All display and hanging signs used by the Debtors in connection with the Store

Closing Sales shall be professionally lettered and all hanging signs shall be hung in a
professional manner. Nothing herein shall be construed to create or impose upon the Debtors any
additional restrictions not contained in the applicable lease. In addition, the Debtors shall be
permitted to utilize exterior banners and signwalkers.
4.

If Store Closing Sales are to be considered final, conspicuous signs shall be

posted in each of the affected stores to the effect that all sales are final.
5.

The Debtors shall not make any alterations to interior or exterior store lighting,

and shall not use any type of amplified sound to advertise the Store Closing Sales or solicit
customers.
6.

No alterations shall be made to the Closing Stores, except as authorized pursuant

to the applicable lease. The hanging of exterior banners or other signage shall not constitute an
alteration to a store.
7.

No property of any landlord of a store shall be removed or sold during the Store

Closing Sales.

8.

The Debtors shall keep store premises and surrounding areas clear and orderly,

consistent with past practices.


9.

A lease shall only be deemed rejected in accordance with the Rejection

Procedures.
10.

A lease shall only be assumed and assigned in accordance with the Assumption

and Assignment Procedures.

2
K&E 18294311

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