Stores Inc. announced Thursday that the discount retail chain
would liquidate and close all of its 327 store locations leaving
21,500 unemployed. Virtually all of Ames products are delivered
the approval of the bankruptcy court, the company expects to promptly
designate a liquidator to conduct "Going Out of Business"
sales at all Ames store locations.
to Ames chairman and CEO Joseph Ettore, "slowness in the
economy made it difficult to deliver sales volume to meet company
1958, Ames is a regional, full-line discount retailer with an associate
base of 21,500 and annual sales of about $2.7 billion. Ames operates
327 stores in the Northeast, Mid-Atlantic and Midwest.