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July 22, 2008

arrowMervyns headed for bankruptcy?

mervyns.jpg

A story in today’s business section shines a spotlight on Mervyns and its financial difficulties.

A credit monitoring company advised its clients — Mervyns suppliers — to hold off on shipping merchandise to the store. The chain already closed about 70 locations four years ago when Target sold it off.

While other discounters like Wal-mart and Costco are doing great lately, it appears Mervyns isn’t, despite its steep discounts.

I’m not sure what to think of this. On one hand, shopping sales racks there can sometimes be worse than digging through a thrift shop. But as a “vertically challenged” person, I’d sure hate to lose a store with such a complete petite department, one of the few left at discount stores.



Comments:

It seems to me that Wal-mart is slowly becoming a monopoly, while fluding its shelves with cheap Chinese merchendise.

Posted by: yingyang at July 22, 2008 1:29 PM

*****

I'm disappointed to hear about Mervyns' financial difficulties. I LOVE MERVYNS and their petite selection, too. They have great bargains and a selection that's improving. I'm on the sidelines rooting for them.

Posted by: Kelli Yamasaki at July 23, 2008 5:34 PM

*****

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