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Updated: Mervyns in Bankruptcy, Closing Stores

Update: Mervyns Closing 26 Stores in Bankruptcy
By Sasha M Pardy
August 15, 2008 | 3:14 P.M.

On Aug. 4, 2008, Hayward, CA-based Mervyns, a mid-tier department store chain with 176 stores in seven southwestern states, filed Chapter 11 bankruptcy. On Aug. 13, Mervyn's said it would close 26 (nearly 15%) of its stores by late October or early November. Mervyns said an undisclosed professional services firm would assist it in liquidating the closing stores.

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