Monday, January 26, 2009
Thursday, January 15, 2009
Everybody is on facebook and everybody has friends on facebook and most people have friends that are shared with other friends, etc...blah blah blah. Well, I posted a status update that was seen by friends and got a couple of comments. One from a friend who I haven't seen since elementary school, who is a host/reporter for a certain radio station in a college town and the other friend of mine I met through a statewide leadership program who is a media relations coordinator for a university. I'm sure you can figure out what happened...
Well, here are the comments...
Just another day in the life of facebooking...hahaha
I'm glad I could "re-introduce" you two...hahaha
Tuesday, January 13, 2009
Friday, January 09, 2009
Wednesday, January 07, 2009
Goody's Family Clothing to liquidate stores
By Chelsea Emery
NEW YORK (Reuters) - Goody's Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating.
"The company is in the processes of obtaining bids to liquidate substantially all collateral and inventory," said Cathy Hershcopf, a bankruptcy partner at law firm Cooley Godward Kronish LLP. "The retail environment is very difficult and they did not have sufficient capital to weather the bad times."
The law firm is acting as a liaison between Goody's vendors and the company and Prentice Capital Management. PGDYS Lending LLC is Goody's parent company, and Prentice is the manager of PGDYS.
Bob Carbonell, chief credit officer for retail credit rating service Bernard Sands, confirmed that the company plans to liquidate.
Going-out-of-business sales will begin as early as Friday, said Hershcopf.
When the company emerged from bankruptcy, it operated 287 stores in 20 states.
The Knoxville, Tennessee-based retailer filed for Chapter 11 bankruptcy protection on June 9, hurt by high gasoline and food prices that have forced consumers to cut back on nonessential purchases. It emerged from bankruptcy protection in October after cutting operating costs and closing at least 69 underperforming stores.
(Reporting by Chelsea Emery, editing by Matthew Lewis)© Thomson Reuters 2009 All rights reserved