The iconic CA-based inner city retailer listed $50-100 million in assets and liabilities in its Chapter 11 petition and indicated that it expected to emerge from bankruptcy a leaner organization as it closes 31 of its 124 stores with those liquidations scheduled to begin immediately and be completed by the end of Jan. Secured debt is $17.2 million while it has inventory of $65.9 million and cash of $4.9 million. It has shown declining revenues in recent years, partly from an earlier round of store closings in the Midwest. Revenues that peaked at $175 million for 2016 were down to ... Log in to view full article.