Retail Industry
Industry: Email Alert RSS FeedNew deal at Rose's reduces Chap. 11 woes. (Rose's Stores, Inc. Chapter 11 bankruptcy case)
Daily News Record, October, 1993 by Lloyd, Brenda
The success of Rose's Stores' new Greatest Deals outlets has surpassed expectations and will assist the company in its Chapter 11 bankruptcy reorganization. The new outlet stores sell a mix of first-apparel and other merchandise at prices up to 75% less than retail prices. A Rose's source indicated that vendors have improved delivery times since the company filed for Chapter 11 bankruptcy protection in early fall, 1993.
HENDERSON, N.C. (FNS) Rose's Stores, Inc., is pinning its hopes to get out from under Chapter 11 on its new Greatest Deals outlet store concept.
The $1.4 billion discount retailer filed for bankruptcy early this fall after several years of sagging business and toughening competition in its Southeast trading areas.
According to Rob...
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