Despite a Chapter 7 bankruptcy liquidation of retailer Nellie’s in Southern California by founder David Delgadillo, one Nellie’s store remains open.
The store in Diamond Bar, owned by Moo Lim since 2002, operated in a buying partnership with Delgadillo and the other stores but is owned and operated independently, Lim told SNEWS®. (Click here to read a July 8, 2009, SNEWS story, “American Home Fitness files Ch. 11, Nellie’s files Ch. 7 as the economy continues to wreak havoc.”
“I didn’t file chapter 7,” he said. “I’m still open, and I’m staying open.”
He said he bought the store seven years ago and has learned the business along the way. In 2007 he had an illness that forced him briefly to try to sell the store, but has since recovered both his health and the business, even running the Los Angeles Marathon in March 2008, finishing in 5 hours 15 minutes.
He said he didn’t change the name when he bought it because of the power of the name.
“We had seven stores and we had buying power, so that’s why I didn’t change anything,” he said.
Now, however, with Delgadillo’s Nellie’s stores shutting their doors, Lim said he has already inquired about a name change to Exercise Equipment Center. Still, with Yellow Pages ads placed and paid, the Nellie’s name will remain for now, including with the website (www.nellie’s.com). His store can be reached at 909-468-4840.
He said his vendors now include Body-Solid, Power Tec, Spirit, Inspire Fitness and Cap Barbell.
“I’m not involved with what David is doing,” he stressed. “I’m selling. I’m OK.”