80-year-old discount clothing chain closes another 14 stores, plans more
Profit fell 83% last quarter as consumer spending habits shifted.
Profit fell 83% last quarter as consumer spending habits shifted.
BELLINGS Intelligence Score: 10
Why it matters
The closure of 14 stores by an 80-year-old discount clothing chain reflects routine business distress in retail with limited broader credit-market impact or systemic consequence.
Sources
TheStreet
80-year-old discount clothing chain closes another 14 stores, plans more
Profit fell 83% last quarter as consumer spending habits shifted.