By DUNCAN MANSFIELD, Associated Press Writer 1 hour, 53 minutes ago KNOXVILLE, Tenn. - Privately owned Goody's Family Clothing Inc., a moderately priced retailer operating primarily in the Southeast, said Monday it is filing for Chapter 11 bankruptcy protection and will close 69 stores and an Arkansas distribution center.The company did not immediately say which stores will close this summer or how many of its 12,000 employees will lose their jobs.
"The company is still determining that as part of the plan of reorganization," spokeswoman Shannon Stucky said.
Read More