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The closings are expected to generate up to $170 million as the company sells inventory.
This means that the company sells inventory on its network for sponsored content — in other words, ads in the form of presentations, videos, etc.
To this end, the shop sells inventory sourced exclusively from local makers like DCP Ceramics, Psyche Jewelry, and PLANTbrooklyn.
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The appointment comes as Sharper Image works to cut costs and sell inventory.
He will also buy and sell inventory as the need arises.
Revenue jumped 37 percent to $183.5 million at AOL Networks, a market to sell inventory on behalf of publishers.
Advertisers buy publishers' inventory to sell things to readers, but publishers sell inventory to advertisers because they want money, not because they want to help sell products.
Strong demand for new apartments means many new developments are selling inventory based on floor plans, before the buildings are completed.
WARNACO GROUP INC., New York, the apparel maker, said it was asking a federal bankruptcy judge to approve its plan to close 25 outlet stores and hire a liquidator to sell inventory.
Spiegel Inc., a bankrupt chain store and catalog retailer, has asked a federal judge for permission to close 30 Eddie Bauer stores and to hire companies to sell inventory at the locations after the holidays.
The company enables selling inventory via e-commerce and auction applications.
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