KNOXVILLE, Tenn. (AP) -- 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 Times-News has learned that the Kingsport store will be one of the stores to close while the Bristol and Rogersville stores will reamin open.
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.(LINK)
No word on my local store, but it does not look good.