Emphasis on "may," of course, but a filing with the State of Ohio makes that possibility official
http://www.retaildive.com/news/report-the-limited-may-shutter-headquarters-close-stores-permanently
Liquidation is looking almost inevitable now
https://www.bloomberg.com/news/articles/2016-12-20/limited-stores-said-to-prepare-for-bankruptcy-by-hiring-advisers
ex-Service Merchandise CEO Raymond Zimmerman is on their Board of Directors.
Nice to see Ray still has the magic touch! ;D
Quote from: TheFugitive on December 23, 2016, 11:31:38 AM
ex-Service Merchandise CEO Raymond Zimmerman is on their Board of Directors.
Nice to see Ray still has the magic touch! ;D
Seems like there are a few people like that that companies should run from - like a certain former Ames leader (and at least a couple other companies before and after that wound up in the same fate).
Yeah, I don't know Joe Ettore kept getting retail CEO gigs despite his dismal track record (Kings, Jamesway, Stuarts, Ames, WiseBuys etc.)
As bad as Joe Ettore's track record was, Peter Hollis was worse.
Ames, Zayre, Fisher Big Wheel, Jamesway.....took them all into Chap. 11 and
eventually out of business.