On June 9, 2008, Goody’s Family Clothing, Inc. filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. While this was a difficult decision for our company, we believe a comprehensive restructuring offers the best long-term solution for Goody’s, our customers and our partners as it will give us the time and resources to address financial challenges while we continue normal business operations.
Please be assured that Goody’s is not going out of business. We will continue to provide the quality brands, great value and exceptional customer service we have provided for more than 55 years. However, there will be some changes at Goody’s, and this includes a plan to close 69 underperforming stores (a list of which is provided below).
We are committed to emerging from this process as quickly as possible and believe we will be a stronger, more competitive company as a result. As part of this commitment, this section of our Web site is dedicated to providing the most up-to-date information for our customers and partners:
Be careful what you ask for, you may get it!
Peggy in Arizona