Great for Goody's
Here’s a semi-successful retail story. Discount clothing chain Goody’s has emerged from Chapter 11 bankruptcy, filed in June. To be more profitable, the Knoxville, Tenn.–based company has closed 69 stores, a distribution center in Arkansas, a corporate office in New York and its e-commerce business. The 55-year-old company is left with 278 stores, primarily in the Southeast.
