Tweeter filedfor Chapter 11 in June of this year, after exiting California,Tennessee, Alabama, New York, and parts of Georgia by closing 49 ofits, then, 153 locations. The struggling retailer picked up a$60-million debtor-in-possession loan credit facility from GeneralElectric Capital Corp., but is now preparing to part ways with allof its remaining stores.


The locations will remain open until the end of December, whileTweeter executes going out of business sales, according to IvanFriedman of RCS. In the meantime, the locations will be marketed,particularly citing free-standing, convertible spaces inMassachusetts and Florida. If the stores close--at the end of2008--without finding a replacement, Tweeter will reject the leaseand the space will default back to the property owner.


Tweeter currently has 94 leases throughout the US, in Arizona,Connecticut, Delaware, Florida, Georgia, Illinois, Massachusetts,Maryland, Maine, North Carolina, New Hampshire, New Jersey,Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. Thestores range in size from 3,500 square feet to 24,000 squarefeet.

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