This just in… Mervyns, which filed for bankruptcy protection last July, will liquidate. According to WWD, the Hayward,
Calif.-based retailer said today it would hold going out of business
sales at all of its remaining 149 stores and close down its business.
disappointed with this outcome but the company’s declining liquidity
position and the extremely challenging retail environment, together
with the fact that we have exhausted all other possibilities, requires
that we take this action,” John Goodman, chief executive officer, said.
Sad. Another one bites the dust.