|
|
Article: Ames going out of business
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- August 15, 2002
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
00-00-0000
Ames going out of business -- Retailer can't compete with large national
chains
By SHOBHANA CHANDRA , Bloomberg News
Date: 08-15-2002, Thursday
Section: BUSINESS
Edtion: All Editions.=.Two Star B. Two Star P. One Star B
ROCKY HILL, Conn. - Ames Department Stores Inc., the discount retailer
founded 44 years ago in a Massachusetts textile mill, will go out
of business, closing 327 stores and firing about 21,500 workers.
The stores will remain open for about 10 weeks to liquidate inventory,
Ames said in a statement. U.S. Bankruptcy Judge Robert E. Gerber
in Manhattan will consider whether to approve the company's request
to liquidate a year after seeking ...