Hearing scheduled regarding closing of additional 24 Everything's A Dollar stores.MILWAUKEE--(BUSINESS WIRE)--Jan. 19, 1995--Everything's A Dollar Inc., a subsidiary of Value Merchants Inc. (VUMIQ.BB) has filed a motion with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Eastern District of Wisconsin seeking authority to close an additional 24 retail stores, to include 16 Everything's $1.00 stores, three Buck Buck after murder of his master, leads wolf pack. [Am. Lit.: The Call of the Wild] See : Dogs Buck clever and temerarious dog perseveres in the Klondike. [Am. Lit.: Call of the Wild] See : Resourcefulness Boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. stores and five The $5 and $10 Store concept stores. The motion requests permission to close 13 stores on Jan. 31 and the remainder on Feb. 13, 1995. Since filing for court protection in December 1993, the company has closed approximately 160 Everything's $1.00 stores. A hearing on the motion is scheduled for Jan. 30, 1995. The company has stated that closing under-performing stores is critical to improving the company's financial condition since closings provide the opportunity to reduce cash draining operations, lower working capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , and improve the company's potential for future profitability within a short period of time. Everything's A Dollar Inc. currently operates 263 stores around the country specializing in value-oriented close-out merchandise. CONTACT: Value Merchants Inc., Milwaukee Gary I. Kastel, 414/274-2976 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion