The firm is working with Goody’s vendors and its parent, PGDYS Lending LLC.
It’s uncertain what will happen to the company’s 9,800 workers after the liquidation — being handled by a joint venture between Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC — is completed by the end of March.
But without a last minute buyer or an investor to purchase high-performing stores, their job outlook is grim.
“I think every retailer experienced a great deal of pressure this holiday season because of the lack of consumer confidence,” Hershcopf said.
The availability of new federal lands for purchase in central Indiana attracted settlers, many of them descendants of families from northwestern Europe.
Borders announces new CEO -- Following a disappointing season in which holiday sales fell 12 percent, Borders Group Inc.Indianapolis was founded as the site for the new state capital in 1820 by an act of the Indiana General Assembly; however, the area where the city of Indianapolis now stands was once home to the Lenape (Delaware Nation), a native tribe who lived along the White River.The flat, heavily-wooded area supplied them with ample food and wild game, although part of the area was swampy and poorly drained.Few African Americans lived in central Indiana before 1840.
Ralston's plan extended outward from Governor's Circle, now called Monument Circle, a large circular commons at the center of town.is liquidating operations, becoming the first big chain to go under in 2009.The company was unable to restructure terms with its creditors and is in the process of seeking bids to liquidate its inventory and additional assets, said Cathy Hershcopf, bankruptcy attorney at law firm Cooley Godward Kronish ."Progress has been made by Borders Group over recent quarters within the challenging economy to reduce debt, improve cash flow, cut expenses, enhance inventory productivity, and improve margins, but it is imperative that the company more aggressively attack these initiatives to address its long-term future," chairman Larry Pollock says.