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Gabe’s

Full company profile

uuid0000kqk

Namestring
Gabe’s
Legal namestring
Gabriel Brothers, Inc.
Websiteurl
gabesstores.com
Company typeenum
Private
Founded yearint
1961
Descriptiontext

Gabe's (legal entity Gabriel Brothers, Inc.) is a US off-price physical retail chain headquartered in Morgantown, West Virginia, founded in 1961. It operates 161 stores across 20 states concentrated in the Mid-Atlantic, Midwest, and Southeast, supported by six distribution centers in West Virginia and Ohio. The company sells brand-name apparel, footwear, home goods, and essentials at savings of up to 70% off department store prices (and up to 90% on Blue Tag items) by purchasing excess inventory, closeouts, and buyouts from national retailers in truckloads. There is no online or telephone shopping; all sales are in-store on a pay-and-carry basis with limited layaway at select locations.

Gabe's is privately held and controlled by private equity sponsor Warburg Pincus, with no public listing. In October 2024, the company secured a $175 million revolving credit facility from Second Avenue Capital Partners and Ares Management to fund ongoing US expansion. In 2023, Gabe's acquired Old Time Pottery, a Tennessee-based home merchandise chain, broadening assortment into home and seasonal categories. Customer engagement is built around the tiered Unbelievable Rewards! loyalty program (Insider, VIP, MVP), a mobile app, military discounts, and value-add services such as layaway and Amazon Hub Locker package pickup. Revenue is generated exclusively through one-time in-store retail transactions.

As of late 2024, Gabe's was undergoing a leadership restructuring with active searches for a permanent CEO and CFO, accompanied by stated plans to expand into the Western US. The company currently operates with 5,001-10,000 employees and continues to open new stores in 2025 across Florida, Alabama, Tennessee, Georgia, Oklahoma, and Indiana.

Short descriptiontext

Gabe's is a US off-price retailer operating 161 stores across 20 states, selling brand-name apparel, footwear, and home goods at up to 70% off department store prices. It serves value-conscious consumers and families through a truckload-buying model, backed by Warburg Pincus.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMorgantown, United States
HQ citystring
Morgantown
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices7 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
off-price retail, discount retail chain, brand-name merchandise, closeout buying, family apparel stores
Industry2 codes
1Off-Price Kids & Family Department Stores
CodeCRAGAEAEPrimaryYes
2Off-Price Department Stores (Apparel-Led)
CodeCRAEABABPrimaryNo
NAICS code2 codes
  • General Merchandise Retailers455
  • Clothing and Clothing Accessories Retailers458110
SIC code3 codes
  • Retail-Variety Stores5331
  • Retail-Family Clothing Stores5651
  • Retail-Apparel & Accessory Stores5600
Product category
Off-Price Retail
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Retail merchandise sales
TypeOne Time License
Description

Gabe's generates revenue through one-time retail sales of discounted brand-name merchandise across multiple departments including ladies, mens, kids, home, footwear, and essentials. All sales are on a pay-and-carry basis with only a few locations offering layaway.

gabesstores.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Pricing details1 tier
1Standard off-price retail - no membership required
ModelOtherBilling cadencePay-as-you-go
Notes

Prices vary by product; customers save up to 70% off department store prices. Blue Tag items offer up to 90% off. No membership required for shopping.

gabesstores.com
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 record
1Old Time Pottery
Description

A home merchandise chain acquired by Gabe's in 2023, offering home and seasonal products at discounted prices across multiple US locations.

gabesstores.com
Core offering1 text field

Gabe's operates an off-price retail chain selling brand-name apparel, footwear, home goods, and essentials through more than 149 physical stores across 20 US states at up to 70% off department store prices (and up to 90% off on Blue Tag items). Inventory is sourced via truckload buying and closeout/excess inventory purchases from national retailers, with new deals arriving daily to drive repeat in-store foot traffic. Customer engagement is supported by the Unbelievable Rewards! loyalty program, a mobile app, layaway, gift cards, military discounts, and Amazon Hub package pickup.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Up to 70% savings off department store prices on fashion and footwear
+1 more record
Product overview1 text field

Gabe's is an off-price retail chain offering a single unified retail experience across physical stores. The core offering centers on brand-name merchandise at up to 70% savings, organized into departments (Ladies, Mens, Kids, Home, Footwear, Essentials, & More). The portfolio includes the acquired brand Old Time Pottery (home merchandise). Customer engagement is powered by the Unbelievable Rewards! loyalty program with three tiers (Insider, VIP, MVP), supported by the Gabe's mobile app. Additional services include Layaway payment plans, Military Discounts, Gift Cards, and Amazon Hub package pickup. Blue Tags designate the deepest discounts.

Product and service9 records
1Gabe's off-price retail stores
CategoryOff-price retail
Description

Physical off-price retail stores offering brand-name apparel, footwear, home goods, and essentials at up to 70% off department store prices across Ladies, Mens, Kids, Home, Footwear, and Essentials departments. Customers shop in-store only; no telephone or online purchasing is offered.

2Old Time Pottery
CategoryOff-price retail
Description

Home merchandise store chain offering a broader assortment of home and seasonal products at discounted prices. Now operates as part of the Gabe's brand family.

3Unbelievable Rewards!® loyalty program
CategoryLoyalty program
Description

Free tiered loyalty program available to Gabe's shoppers. Members earn 1 point per dollar spent, redeem 50 points for $5 off coupons, and receive tier-specific perks including birthday rewards, anniversary gifts, and exclusive promotions.

4Gabe's mobile app
CategoryMobile application
Description

Free Gabe's mobile application for iOS and Android that lets loyalty members scan reward cards in store, access coupons, track purchases, manage receipts, and locate stores.

5Layaway payment plan
CategoryFinancial service / payment plan
Description

In-store layaway service allowing customers to pay for merchandise over time, available only to Unbelievable Rewards members aged 18 and older, at select locations.

6Military discount program
CategoryDiscount program
Description

10% in-store discount available every Tuesday to active duty military members and veterans presenting valid military ID.

7Gabe's gift cards
CategoryGift card / stored value
Description

Gift cards issued by Mountaineer Corporate Services LLC, redeemable for merchandise at all Gabe's locations, with no expiration dates and no service fees.

8Amazon Hub Locker service
CategoryPackage pickup service
Description

Amazon Hub Locker service hosted at select Gabe's store locations, allowing customers to pick up and return Amazon.com packages using a pickup code.

9Blue Tag Finds
CategoryPromotional merchandise program
Description

Promotional pricing program in which items marked with a Blue Tag are offered at up to 90% off compared to big-box and mall brand prices, spanning home, pet, ladies, baby, kids, and footwear departments.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Home merchandise chain acquired by Gabe's in 2023. Tennessee-based retailer specializing in home and seasonal products. Combined, the companies offer customers a broader assortment of home products at incredible prices. Now operates as part of the Gabe's brand family.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Amazon Hub Locker partnership allowing customers to pick up and return Amazon.com packages at select Gabe's store locations. Provides convenience service and drives foot traffic to stores.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Ross Stores operates the largest US off-price apparel and home chain (Ross Dress for Less, dd's DISCOUNTS). It is a direct peer to Gabe's in the off-price, no-membership, branded-merchandise model serving value-conscious shoppers.

TypeBroad incumbent
Description

Dollar Tree is a national multi-banner extreme-value retailer. It competes with Gabe's for budget-conscious shoppers across household and seasonal merchandise, though at much lower price points and with less branded apparel.

TypeDirect peer
Description

HomeGoods is TJX's off-price home furnishings chain. With Old Time Pottery now part of Gabe's, HomeGoods is a direct competitor in off-price home and seasonal merchandise.

TypeRegional player
Description

Old Navy is Gap Inc.'s value-focused family apparel chain. It competes with Gabe's for value-conscious family apparel shoppers, particularly in the ladies, mens and kids categories, though through a fixed-price full-price model rather than closeout.

TypeDirect peer
Description

Ollie's is a closeout retailer selling brand-name merchandise at deep discounts across categories including housewares, books, toys and apparel. Its closeout-buying model and broad assortment directly mirror Gabe's.

TypeDirect peer
Description

Big Lots is a US closeout and discount retailer offering a broad assortment across furniture, food, apparel and seasonal categories. It overlaps directly with Gabe's on closeout buying and broad general-merchandise value retailing.

TypeEmerging player
Description

Five Below operates an extreme-value specialty retail chain targeting teen and family shoppers with products mostly priced at $5 or below. It overlaps with Gabe's on value-conscious family and household goods shoppers but with a more focused, lower-ticket assortment.

TypeDirect peer
Description

TJX is the parent of TJ Maxx, Marshalls and HomeGoods and is the category leader in US off-price retail. It directly competes with Gabe's on the core branded-merchandise, closeout-buying model across apparel and home.

TypeDirect peer
Description

Marshalls is the family off-price apparel and home division of TJX, offering brand-name and designer merchandise at everyday discounts. It directly competes with Gabe's for value-conscious family shoppers.

TypeDirect peer
Description

Burlington is a national off-price retailer of apparel, accessories and home goods. It is a direct off-price peer to Gabe's with overlapping product categories and a similar treasure-hunt shopping experience.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration4 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Gabe’s

Off-Price Retailgabesstores.com

Gabe's is a US off-price retailer operating 161 stores across 20 states, selling brand-name apparel, footwear, and home goods at up to 70% off department store prices. It serves value-conscious consumers and families through a truckload-buying model, backed by Warburg Pincus.

What Gabe’s does

Gabe's (legal entity Gabriel Brothers, Inc.) is a US off-price physical retail chain headquartered in Morgantown, West Virginia, founded in 1961. It operates 161 stores across 20 states concentrated in the Mid-Atlantic, Midwest, and Southeast, supported by six distribution centers in West Virginia and Ohio. The company sells brand-name apparel, footwear, home goods, and essentials at savings of up to 70% off department store prices (and up to 90% on Blue Tag items) by purchasing excess inventory, closeouts, and buyouts from national retailers in truckloads. There is no online or telephone shopping; all sales are in-store on a pay-and-carry basis with limited layaway at select locations.

Gabe's is privately held and controlled by private equity sponsor Warburg Pincus, with no public listing. In October 2024, the company secured a $175 million revolving credit facility from Second Avenue Capital Partners and Ares Management to fund ongoing US expansion. In 2023, Gabe's acquired Old Time Pottery, a Tennessee-based home merchandise chain, broadening assortment into home and seasonal categories. Customer engagement is built around the tiered Unbelievable Rewards! loyalty program (Insider, VIP, MVP), a mobile app, military discounts, and value-add services such as layaway and Amazon Hub Locker package pickup. Revenue is generated exclusively through one-time in-store retail transactions.

As of late 2024, Gabe's was undergoing a leadership restructuring with active searches for a permanent CEO and CFO, accompanied by stated plans to expand into the Western US. The company currently operates with 5,001-10,000 employees and continues to open new stores in 2025 across Florida, Alabama, Tennessee, Georgia, Oklahoma, and Indiana.

Gabe’s firmographics

Firmographics
Name
Gabe’s
Legal name
Gabriel Brothers, Inc.
Website
https://gabesstores.com
Company type
Private
Founded year
1961
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Gabe's is a US off-price retailer operating 161 stores across 20 states, selling brand-name apparel, footwear, and home goods at up to 70% off department store prices. It serves value-conscious consumers and families through a truckload-buying model, backed by Warburg Pincus.
Ownership category
akta.pro rank

Gabe’s industry classification

Industry
Product category
Off-Price Retail
NAICS
General Merchandise Retailers (455), Clothing and Clothing Accessories Retailers (458110)
SIC
Retail-Variety Stores (5331), Retail-Family Clothing Stores (5651), Retail-Apparel & Accessory Stores (5600)
akta.pro primary industry
Off-Price Kids & Family Department Stores (CRAGAEAE)
akta.pro secondary industry
Off-Price Department Stores (Apparel-Led) (CRAEABAB)

Keywords

  • Off-price retail
  • Discount retail chain
  • Brand-name merchandise
  • Closeout buying
  • Family apparel stores

Where Gabe’s is headquartered

Location

Headquarters

HQ city
Morgantown
HQ country
United States
HQ region
North America

Offices7 records

Markets served

Gabe’s business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Retail merchandise sales: Gabe's generates revenue through one-time retail sales of discounted brand-name merchandise across multiple departments including ladies, mens, kids, home, footwear, and essentials. All sales are on a pay-and-carry basis with only a few locations offering layaway.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goStandard off-price retail - no membership required

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Gabe’s product offering

Product offering

Core offering

Gabe's operates an off-price retail chain selling brand-name apparel, footwear, home goods, and essentials through more than 149 physical stores across 20 US states at up to 70% off department store prices (and up to 90% off on Blue Tag items). Inventory is sourced via truckload buying and closeout/excess inventory purchases from national retailers, with new deals arriving daily to drive repeat in-store foot traffic. Customer engagement is supported by the Unbelievable Rewards! loyalty program, a mobile app, layaway, gift cards, military discounts, and Amazon Hub package pickup.

Product overview

Gabe's is an off-price retail chain offering a single unified retail experience across physical stores. The core offering centers on brand-name merchandise at up to 70% savings, organized into departments (Ladies, Mens, Kids, Home, Footwear, Essentials, & More). The portfolio includes the acquired brand Old Time Pottery (home merchandise). Customer engagement is powered by the Unbelievable Rewards! loyalty program with three tiers (Insider, VIP, MVP), supported by the Gabe's mobile app. Additional services include Layaway payment plans, Military Discounts, Gift Cards, and Amazon Hub package pickup. Blue Tags designate the deepest discounts.

Differentiator

Problem solved

Functional benefit

Brands

  • Old Time Pottery: A home merchandise chain acquired by Gabe's in 2023, offering home and seasonal products at discounted prices across multiple US locations.

Products and services

  • Gabe's off-price retail stores Physical off-price retail stores offering brand-name apparel, footwear, home goods, and essentials at up to 70% off department store prices across Ladies, Mens, Kids, Home, Footwear, and Essentials departments. Customers shop in-store only; no telephone or online purchasing is offered.
  • Old Time Pottery Home merchandise store chain offering a broader assortment of home and seasonal products at discounted prices. Now operates as part of the Gabe's brand family.
  • Unbelievable Rewards!® loyalty program Free tiered loyalty program available to Gabe's shoppers. Members earn 1 point per dollar spent, redeem 50 points for $5 off coupons, and receive tier-specific perks including birthday rewards, anniversary gifts, and exclusive promotions.
  • Gabe's mobile app Free Gabe's mobile application for iOS and Android that lets loyalty members scan reward cards in store, access coupons, track purchases, manage receipts, and locate stores.
  • Layaway payment plan In-store layaway service allowing customers to pay for merchandise over time, available only to Unbelievable Rewards members aged 18 and older, at select locations.
  • Military discount program 10% in-store discount available every Tuesday to active duty military members and veterans presenting valid military ID.
  • Gabe's gift cards Gift cards issued by Mountaineer Corporate Services LLC, redeemable for merchandise at all Gabe's locations, with no expiration dates and no service fees.
  • Amazon Hub Locker service Amazon Hub Locker service hosted at select Gabe's store locations, allowing customers to pick up and return Amazon.com packages using a pickup code.
  • Blue Tag Finds Promotional pricing program in which items marked with a Blue Tag are offered at up to 90% off compared to big-box and mall brand prices, spanning home, pet, ladies, baby, kids, and footwear departments.

Quantifiable outcome

  • Up to 70% savings off department store prices on fashion and footwear
  • +1 more outcomes

Companies that use Gabe’s

Customer profile

Segments2 records

Ideal customer profiles1 record

Gabe’s technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration4 records

Gabe’s partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • Old Time PotterycoreStrategic or Co-development PartnerHome merchandise chain acquired by Gabe's in 2023. Tennessee-based retailer specializing in home and seasonal products. Combined, the companies offer customers a broader assortment of home products at incredible prices. Now operates as part of the Gabe's brand family.
  • AmazonminorChannel Partner/ Reseller/ DistributorAmazon Hub Locker partnership allowing customers to pick up and return Amazon.com packages at select Gabe's store locations. Provides convenience service and drives foot traffic to stores.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Gabe’s competitors and assessment

Company assessment

Direct peers

  • Ross Stores: Ross Stores operates the largest US off-price apparel and home chain (Ross Dress for Less, dd's DISCOUNTS). It is a direct peer to Gabe's in the off-price, no-membership, branded-merchandise model serving value-conscious shoppers.
  • HomeGoods (TJX): HomeGoods is TJX's off-price home furnishings chain. With Old Time Pottery now part of Gabe's, HomeGoods is a direct competitor in off-price home and seasonal merchandise.
  • Ollie's Bargain Outlet: Ollie's is a closeout retailer selling brand-name merchandise at deep discounts across categories including housewares, books, toys and apparel. Its closeout-buying model and broad assortment directly mirror Gabe's.
  • Big Lots: Big Lots is a US closeout and discount retailer offering a broad assortment across furniture, food, apparel and seasonal categories. It overlaps directly with Gabe's on closeout buying and broad general-merchandise value retailing.
  • The TJX Companies: TJX is the parent of TJ Maxx, Marshalls and HomeGoods and is the category leader in US off-price retail. It directly competes with Gabe's on the core branded-merchandise, closeout-buying model across apparel and home.
  • Marshalls (TJX): Marshalls is the family off-price apparel and home division of TJX, offering brand-name and designer merchandise at everyday discounts. It directly competes with Gabe's for value-conscious family shoppers.
  • Burlington Stores: Burlington is a national off-price retailer of apparel, accessories and home goods. It is a direct off-price peer to Gabe's with overlapping product categories and a similar treasure-hunt shopping experience.

Broad incumbents

  • Dollar Tree: Dollar Tree is a national multi-banner extreme-value retailer. It competes with Gabe's for budget-conscious shoppers across household and seasonal merchandise, though at much lower price points and with less branded apparel.

Regional players

  • Old Navy (Gap): Old Navy is Gap Inc.'s value-focused family apparel chain. It competes with Gabe's for value-conscious family apparel shoppers, particularly in the ladies, mens and kids categories, though through a fixed-price full-price model rather than closeout.

Emerging players

  • Five Below: Five Below operates an extreme-value specialty retail chain targeting teen and family shoppers with products mostly priced at $5 or below. It overlaps with Gabe's on value-conscious family and household goods shoppers but with a more focused, lower-ticket assortment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Gabe’s social profiles

Digital presence

Gabe’s compliance and trust

Trust signal

Compliance3 records

Gabe’s financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Gabe’s leadership team

Management profile

Number of profiles

Profiles2 records

Gabe’s subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Gabe’s funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Gabe’s M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gabe’s

What does Gabe’s do?

Gabe's operates an off-price retail chain selling brand-name apparel, footwear, home goods, and essentials through more than 149 physical stores across 20 US states at up to 70% off department store prices (and up to 90% off on Blue Tag items). Inventory is sourced via truckload buying and closeout/excess inventory purchases from national retailers, with new deals arriving daily to drive repeat in-store foot traffic. Customer engagement is supported by the Unbelievable Rewards! loyalty program, a mobile app, layaway, gift cards, military discounts, and Amazon Hub package pickup.

Is Gabe’s a public or private company?

Gabe’s is a private company. It is classified as private equity controlled and is currently operating.

When was Gabe’s founded?

Gabe’s was founded in 1961. It employs 5,001 to 10,000 people.

Where is Gabe’s based?

Gabe’s is headquartered in Morgantown, United States, in the North America region.

How does Gabe’s make money?

One revenue line is on record: retail merchandise sales.

Who are Gabe’s's main competitors?

Direct peers on record are Ross Stores, HomeGoods (TJX), Ollie's Bargain Outlet, Big Lots, The TJX Companies, Marshalls (TJX) and Burlington Stores. Dollar Tree is listed as a broad incumbent. Old Navy (Gap) is listed as a regional player. Five Below is listed as an emerging player.

Does Gabe’s have an API?

No public API is recorded for Gabe’s.

What industry is Gabe’s in?

Gabe’s's product category is Off-Price Retail. Its primary akta.pro industry code is CRAGAEAE, Off-Price Kids & Family Department Stores, with a secondary code of CRAEABAB, Off-Price Department Stores (Apparel-Led). Its NAICS code is 455 and its SIC code is 5331.

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Live signals
Retail DiveThe Weekly Closeout: Gabe’s in search of top leadership and Home Depot’s latest acquisitionHome Depot subsidiary SRS Distribution announced it will acquire HVAC distributor Mingledorff's for an undisclosed amount, with the deal expected to close in Q2 and Mingledorff's 42 southeastern U.S. locations and senior leadership remaining in place. Discount retailer Gabe's, which completed a restructuring last fall, is actively searching for a permanent CEO and CFO as interim executives fill those roles, with new owners Brigade Capital Management, Arbour Lane Capital Management and Anchorage Capital Advisors providing unspecified targets to finance the turnaround.Business Wire BlogGabe’s Closes Milestone Transaction to Strengthen Balance Sheet and Bolster Position as a Leading Off-Price RetailerGabe's closed a transaction with existing investors who assumed full ownership, converting over 75% of its term loan into equity. The company also secured new capital and agreements with over 1,000 vendor partners. The deal aims to strengthen its balance sheet and support long-term growth.ShopsatkanawhaHomeThe Shops at Kanawha is a 300,000-square-foot mixed-use development in Charleston, West Virginia, featuring retail space anchored by Gabriel Brothers and Kroger alongside 70,000 square feet of state offices. The complex is situated at the intersection of MacCorkle Avenue and the I-64/I-77 interchange to provide high accessibility for regional and local shoppers.Cleary GottliebGabe’s Acquires Old Time PotteryWarburg Pincus facilitated the acquisition of Old Time Pottery by Gabe’s, announced on April 19, 2023. The combined entity will have about 8,000 employees and 169 stores across 20 states, enhancing their regional presence.GlobeNewswireGABE’S OPENS ITS LARGEST DISTRIBUTION CENTER IN CLARKGabe's opened its largest distribution center in Springfield, Ohio, at PrimeOhio II Industrial Park, measuring over 870,000 square feet. The $77.5 million project will create more than 800 jobs over five years, with over 200 already filled. The ribbon-cutting ceremony is scheduled for April 4.