Pharma Investments, Ventures & Law Weekly
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Gordon Brothers Group
Harold's Going-Out-of-Business Sale Going On Now!
November 30th, 2008
Harold's, an 18-state chain of traditional, classic styled ladies and men's specialty apparel stores for customers between the ages of 30 and 50, announced that it is closing its doors for good. Yesterday, an Oklahoma bankruptcy court approved plans for the 60-year-old retail chain to begin a storewide Going-Out-of-Business sale. Eleven stores and two outlet centers will close in Texas. "Increased competition and a weak economy have left us no choice but to cease operations," stated Ronald S. Staffieri, Chief Executive Officer of Harold's Stores, Inc. "We'd like to thank our loyal customers for their many years of patronage by offering incredible values on merchandise...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-30)
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