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Goody's to close at Liberty Fair Mall
As part of chain's liquidation

Wednesday, January 7, 2009

The Liberty Fair Mall Goody's Family Clothing store will close at a date to be announced within 48 hours, according to the store manager.

Manager Dusti Bailey verified on Wednesday that the Martinsville store will close. She said it employs 25 to 30 people; about five of them are full-time.

Bailey said the closing is part of the liquidation of the entire chain. Company officials have told her she will learn the closing date within 48 hours.

Nationwide, Goody's Family Clothing will begin liquidating its stores on Friday, The Associated Press reported Tuesday.

The move, which comes less than four months after the privately held retailer emerged from Chapter 11 bankruptcy protection, affects the Knoxville, Tenn.-based chain's 287 stores scattered throughout 20 Midwestern and Southern states, said Cathy Hershcopf, a partner at Cooley Godward Kronish LLP.

 

 
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