Or, for lunch, there was always Clifton's Cafeteria....I think it's still there.
Posted on 10/17/2008 8:49:24 PM PDT by Santa Fe_Conservative
Ailing department store chain Mervyns LLC, which had been operating for almost five decades, has become the latest merchant headed for extinction.
The retailer, which filed for Chapter 11 bankruptcy protection in July, said Friday that it plans to begin liquidation sales at its remaining 149 stores and wind down its business. The Hayward, Calif.-based chain said liquidation sales during the holiday season were the best way to maximize value for the company's creditors after exhausting all its options, including the sale of the company.
It also cited a fierce retail environment and declining liquidity as factors forcing the company's liquidation. Mervyns now operates mainly in California and has seen its sales drop further as the state is among the hardest hit by the real estate slump.
Mervyns said it plans to pursue the liquidation under the Chapter 11 bankruptcy code, a move that typically allows companies to retain more control over the selling off of assets. In a Chapter 7 filing, the court would immediately appoint a trustee to take over the case. The company said it intends to retain an outside professional services firm to assist in the liquidation sales of inventory.
"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," said John Goodman, chief executive of Mervyns, in a statement. "We are confident that the deep discounts available through going out of business sales will drive significant traffic in our stores."
(Excerpt) Read more at sfgate.com ...
I've always called it "Ross Mess for Less"; you could swear they have an early pre-opening shift to spread sh*t all over the floor, giving the store that lived in look....
Or, for lunch, there was always Clifton's Cafeteria....I think it's still there.
At the Merv's over in Rancho Mirage, wifey can never find anything in her petite sizes. It's always been our guess that they stock according to local demographics....in this locale that means hefty Latinas.
Years ago I loved the Mervyns in Oceanside. Bought a lot of my husband’s clothes there. They always had a nice selection of fleece items (he coached high school football) that wore very well. Then, all of a sudden, the store went downhill. Was it the Kohl’s that opened nearby? Dunno, but Mervyn’s became Tijuana Norte ... like so much else in San Diego.
We had a nice chain here in Colorado called Foley's (originally "The Denver".) They had a good merchandise selection and great customer service. Then they were bought out by Macy's and I haven't been able to find anything there that I liked since.
Sharper Image also has closed down their stores. I guess they are trying to hang on to their online store.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.