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Goody's closing all stores, liquidation sale

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Goody's closing all stores, liquidation sale

added on January 8, 2009 by emma123, last updated on January 9, 2009 by YanBz

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Knoxville, TN-based Goody's Family Clothing, operator of 372 value-priced family apparel stores in 20 primarily southeast states, filed voluntary chapter 11 bankruptcy. The retailer said reorganization is the best solution to overcome the pressure it has felt from the tightened credit market, strain on merchandise flow and a "sizeable" amount of underperforming stores.

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