CEO Richard Baker steps down and now they need $1 billion to keep the doors open. It's over. Start looking for a new job.
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If we don’t urgently repair our vendor relationships and restart the flow of new receipts, we will be forced into liquidation very soon unless a new buyer steps in. At the same time, it is critical to retain our store staff. We have some of the most experienced professionals in the industry, with years of knowledge and proven ability to drive sales to the next level.