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Mervyns Shuttering All Stores

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After filing for bankruptcy protection back in July (and a bid from Forever 21 not panning out), Mervyns has announced it's shutting down all store operations. DNR reports: "Hampered by the ongoing sluggish retail climate in California and other western states where Mervyns operates its remaining 149 retail centers, the department store will begin to liquidate all assets through going-out-of-business sales for the holiday season, in addition to an auction of its store leases." Harry Bernard, Exec VP of retail consulting firm Colton Bernard, told the trade: "They simply never had the resources to develop their stores and to launch special programs that their competitors like Target and Kohl’s have done. They failed to be unique.” [DNR]


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