S&K Menswear, which filed for bankruptcy in February, has decided to close all its stores through liquidation. The chain has begun final clearance sales at all 105 stores.
updates: May 2009 Archives
In the wake of its bankruptcy filing, Chrysler has sent shutdown notices to 789 dealers around the United States. The outlets, which are typically well-protected from forced closures, can be closed since Chrysler has declared bankruptcy. The 789 stores are roughly 25 percent of Chrysler's total; the resulting network of around 2300 pales in comparison to the 6000-plus locations open at the company's peak.
General Motors, which is still debating a bankruptcy filing, has announced plans to close 2600 dealerships but details have not been disclosed.
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Discount retailer Filene's Basement filed for bankruptcy and agreed to sell 17 of its 25 remaining stores as part of its reorganization. The filing is expected to allow the stores to continue operating while the new owner takes over the chain.
Filene's Basement sold itself to a liquidation firm last month as preparation for the move, three months after closing a third of its stores to eliminate underperforming locations.
