Raymond J. Miller, Weiner's chairman and CEO, says the Westviewand Post Oak location will shut down immediately. All assets willbe sold as the 76-year-old retail operation winds down forpermanent closure. "While we were encouraged by our performance inChapter 11 during fall 2000 and the early results from theredesigned merchandising and marketing programs in early 2001,accelerated softness in apparel sales starting shortly afterEaster," says Miller. That, plus Tropical Storm Allison in June,has "generated operating losses and capital constraints that weretoo deep to weather," he says.

A source tells GlobeSt.com that all efforts will be made tosublease the retail space. Twenty-four stores are in Houstonproper, 10 in Houston's suburbs, seven in Louisiana, five inAlabama, two in Mississippi and the remaining 49 stores scatteredthroughout Texas. Weiner's would not confirm the portfolio's totalsquare footage or disclose brokers handling the lease disposition,but the Harris County Tax Assessor's records show eight Weiner'sstores, ranging in size from 17,280 sf at the Long Point locationto 35,309 sf at Eastex Freeway store.

In Oct. 16, 2000, Weiner's filed a Chapter 11 bankruptcy in theUS Bankruptcy Court in Delaware. Motions will be filed in the nearfuture to proceed with the shutdown. Miller expects liquidationsales at various locations will wrap up by mid-September. "Thecompany is in the process of finalizing an arrangement with a thirdparty to conduct going-out-of-business sales at the remainingstores," he says.

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