Home / Knowledge / News / Apparel/Garments / Goody's Clothing to dispose 69 retail stores across Southeast
Goody's Clothing to dispose 69 retail stores across Southeast
26
Jun '08
Goody's Family Clothing Inc (Goody's), which recently filed for Chapter 11 to restructure its operations, has selected DJM Realty, the leading national retail real estate disposition and restructuring firm, to exclusively manage the disposition project of 69 retail store leases located primarily throughout the Southeast.

During this process, Goody's, a retailer of moderately priced family apparel, will continue to remain fully operational and open for business as usual.

"These 69 Goody's stores that DJM Realty will be marketing range from 20,574 - 52,632 square feet. We are pleased to offer these prime real estate locations to retailers; The Goody's portfolio offers a unique mix of mid and big box stores located in freestanding locations and strip centers with strong retail co-tenants," said Emilio Amendola, Co-President of DJM Realty.

The Goody's store leases are available in the following locations:
Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

Goody's Family Clothing Inc, has identified the need to close these 69 underperforming stores to significantly reduce expenses and create a more appropriate capital structure so that Goody's is better positioned for the future.

These 69 locations are currently liquidating its inventory through their stores until store closures are complete. The engagement of DJM Realty, which is subject to bankruptcy court approval, anticipates a bid due date by July 30, 2008.

DJM Realty has worked with over 220 companies to dispose of their excess or underperforming real estate. DJM Realty is a leader in finding innovative ways to consolidate and reconfigure real estate to achieve the highest possible value.

Goody's Family Clothing Inc

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search