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Monday, July 21, 2008

Mervyn's Possible Bankruptcy: Another Blow for Mall Owners

by Calculated Risk on 7/21/2008 01:25:00 AM

From the WSJ: Mervyn's Fights to Keep Its Store Doors Open

Mervyn's ... is fighting for survival as some of its vendors have halted shipments to the company and key lenders have pulled financing ... the company could be forced to file for bankruptcy protection as soon as this month and shut down, according to these people. Mervyn's operates 177 stores in seven states, mostly in California.

A Mervyn's liquidation would deliver another blow to the nation's mall owners ...
The hits just keep coming for mall owners ...