USA: Bankrupt Retailer Ames To Close Last 327 Stores
Regional discount chain Ames Department Stores, on Wednesday said it would liquidate its assets and close its 327 stores, putting 21,500 people out of work. The announcement came almost a year after filing for bankruptcy protection in the face of increased competition from retailers such as Wal-Mart, Target and Kmart as well as over-expansion and mounting debt.
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