Goody’s Closing – Popular retailer Goody’s is closing after emerging crippled from Chapter 11 and closing dozens of stores – Goody’s store liquidation begins this Friday.
Goody’s closing is the first retail casualty of 2009, and economists say it is the begining of a much larger wave of store closings this year.
The retailer that is popular in the Southeast and Midwest employs 9800 people and will begin closing it’s 287 stores. Goody’s closing these stores will also have a tremendous impact on the communities, adding to the ever increasing vacant retail space problem.
The Knoxville based company is owned by PGDYS Lending, and the privately held Goody’s stores owners are in talks with competitors about taking over some of the locations. Yeah right, that’s going to happen.
Goody’s has ended the sales of gift cards and will no longer take lay-aways or tuxedo rental deposits.
That’s the latest chatter about Goody’s Closing.
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