Sunday, November 16, 2008

Kumar Would Be Upset: Harold's Files Bankruptcy

Harold's, a clothing store, has filed bankruptcy and will close all 43 of its stores which cover 19 different states.

With conservative numbers, you can say possible 400 employees will be affected. These 400 will find a difficult time in their job search as many places have already staffed up their retail seasonal hires and many had opted not to staff as many as they had during the peak mania of clownsumer spending. This also leaves a further gap in some commercial real estate's cash flows.

Harold's Stores was headquartered in Dallas, TX.

Related:
Rumor: Circuit City to close 150 stores within 60 days
Property, not the Place to Be: AMB Property Hit
I Thought I Saw a Pussycat: Tweeter Eaten
Retail Closure and Unemployment

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