News Flash! Mervyns Will Liquidate

October 17, 2008 • Fashion

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.

“We are
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.

Source: WWD

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2 Responses to News Flash! Mervyns Will Liquidate

  1. Suzy says:

    Sorry to hear about Mervyn’s but they did it to themselves. Mervyn’s used to be a great place to shop with a nice selection. In the last few years it turned to selling junk like “Southpole” and looked like a gang-banger outlet…I haven’t shopped there since. Who in the world was making their decisions? They have no one to blame but themselves.

  2. Tanya says:

    Southpole is not a gang banger brand but it is a brand used by mostly ethnic races maybe you should look for a KKK store instead..;)

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