Marty to close all 47 stores
17/09/2008
New Jersey-based footwear retailer Marty’s Shoe Outlet has announced that it is closing all 47 stores it operates across four states. The move is part of a bankruptcy reorganisation.
The chain, which operated at the discount end of the market, filed for Chapter 11 protection against bankruptcy in mid-September.
The company has been in business for around 30 years. It has blamed the development on tough economic conditions, excess inventory and what some observers have referred to as “a poorly executed management change in 2006”.
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