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Regional department store Mervyn's, having previously entered Chapter 11 bankruptcy, is expected to convert to Chapter 7 and proceed with a full liquidation of assets. The chain had already closed 26 stores and put their locations up for sale.

Teen retailer Forever 21 was recently considering a purchase of 150 Mervyn's stores in an expansion move, but no deal was closed.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on October 17, 2008 2:16 PM.

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