Global Apparel Market – An Overview | Watch NOW! | Ad
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

AmCham Cambodia cautions US against possible sanctions

Apparel/Garments | On 22nd Sep 2018

AmCham Cambodia cautions US against possible sanctions

In a letter to US lawmakers, the American Chamber of Commerce...

Courtesy: ycloset

Apparel/Garments | On 22nd Sep 2018

Alibaba invests in clothes sharing platform Ycloset

Chinese garment sharing platform YCloset has completed an undisclosed ...

KG cracker; courtesy: Ineos

Textiles | On 22nd Sep 2018

Ineos to invest £60 mn in the UK to expand production

Ineos has announced plans to invest £60 million to expand its...

Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

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

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search