Another chain is going out of business.Gottschalks, which filed for bankruptcy at the beginning of the year, can no longer hold on, and is closing all 58 of its stores, which are located on the West Coast. So now there is more product out there to absorb.It seems like there was some success in filling spaces once occupied by Mervyns after Forever 21 and Kohl's bought 46 stores last year from that regional chain. But we're assuming that we are less likely to see a lot of these situations coming up with Gottschalks. Or are there West Coast versions of regional, expanding retailers, like Raymour & Flanigan that can pick up some of this slack?
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.