O laughsTiffany Hsu reports for The Los Angeles Times, April 10, 2014, that the North Carolina discount retail chain Family Dollar Stores Inc. said it would close 370 under-performing stores later this year and slash prices on 1,000 products after its profit for the second quarter plunged more than 30%.

Family Dollar has 8,100 stores across the country.

Tiffany Hsu reports for L.A. Times, April 11, 2014, that Coldwater Creek Inc., a women’s wear retailer with hundreds of stores nationwide, has filed for Chapter 11 in federal bankruptcy court in Delaware, listing $278.5 million in assets and $361.3 million in debt.

The company will start liquidating the business with deep discounts pegged to Mother’s Day.

take our poll - story continues below

Which Democrat will drop out of the race next?

  • Which Democrat will drop out of the race next?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to DC Clothesline updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

The Sandpoint, Idaho, company, which started with a catalog model in 1984, has 334 retail stores, 31 outlet locations and seven day spas. California has 27 Coldwater Creek stores — more than any other state except Texas.

Coldwater Creek has 339 employees in its corporate headquarters and more than 5,500 other workers throughout the system.

H/t FOTM’s CSM

See also:

~Eowyn

You Might Like

Dr. Eowyn is the Editor of Fellowship of the Minds.