Monday, July 16, 2012

Rest in Peace, Daffys


Shoppers walk past Daffy's, a fashion brand name discount chain store, in New York, December 11, 2008. Discount stores such as Daffy's, Century 21, Filene's Basement and others, despite offering brand names clothing goods to often less than 50 percent of the original price, also feel the falling retails crunch, ahead of the holiday season. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)

The struggling, off- cost retailer plans to near all of its nineteen shops, most by Oct, and commence a collection of likely -out-of- company profits (held by a liquidation organization ) before long. According to WWD, "The benefit to [Chairman and CEO Marcia] Wilson in a liquidation is that she has preserved her alternatives for the genuine estate web sites that the firm owns."

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