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Goody's Family Clothing Goes Out of Business
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by Terri Potratz | January 7, 2009 at 12:41 pm
1895 views | 1 Recommendation | 1 comment
Goody's Family Clothing will liquidate next week, despite months of attempts to keep the US retail chain alive.
The retailer filed for bankruptcy protection on June 9, saying it had been hurt by high gasoline and food prices that had forced consumers to cut back on nonessential purchases. The paper said the chain's demise is another blemish on the reputation of its owner, Prentice Capital, which also owns bankrupt retailers KB Toys and Whitehall Jewelers, and held a stake in now-defunct Steve & Barry's.
Goody's employs about 9,000 people out of 282 department stores across 20 US states. The retailer will attempt to liquidate all of its inventory and other assets.
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Anonymous user
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at 09:57 on January 10th, 2009
How in the gods name does a person Bankrupt 4 major companies? But I'll bet he's got some money in his personal account.