Bankruptcy

As Retailers Go Bankrupt, Discounters Moving In On Atlanta

By Scott Riddle

Retailers Circuit City, Goody's, Whitehall Jewelers, Linens N' Things are either gone already, or will be soon.  According to data from CoStar Group Inc. and DJM Realty LLC, those stores combined take up space larger than Cumberland Mall.  Who might be moving in?  Discounters.

From the Atlanta Business Chronicle:

A.J. Wright, a division of the parent company of TJ Maxx, department store Rose’s Stores Inc., urban clothier City Trends and men’s clothier Conway Stores Inc., are all scouting the market, retail sources say. Dollar Tree Inc. and Family Dollar Stores Inc., already in the market, want to add more stores... Dollar Tree has more than 60 stores in metro Atlanta and Luedtke is pursuing more... Likewise, Charlotte, N.C.-based Family Dollar is searching for more sites... Rack Room Shoes, Dots LLC, Dress Barn Inc. and Cato Corp. are also expanding here... Raleigh, N.C.-based Variety Wholesalers Inc., which owns Rose’s department stores and Maxway stores, is also looking for space, brokers say.

Full post as published by Georgia Bankruptcy Blog on November 25, 2008 (boomark / email).