Mervyns plans to invest in its core markets by making improvements to existing store operations, refurbishing stores, implementing new technology and systems throughout the company and other operational upgrades. In addition, Mervyns will also look for opportunities to open new stores in locations that will benefit its business, customers and the community.
By February 2006, Mervyns will exit the Michigan and Oklahoma markets, and parts of Colorado, Louisiana and Texas. It will also close three stores, one each in Southern California, Oregon and Utah and two distribution centers, one each in Plano, Texas and West Valley, Utah. Until that time, these stores will continue operating as usual, with new merchandise arriving at the stores throughout the fall and holiday seasons.
A total of 1,200 full time and 3,600 part-time positions will be affected by the closures. All affected associates were notified this morning of the plan to close the stores. Associates will continue to be employed during the closing process, and Mervyns will offer job placement assistance and severance packages to eligible employees.
Mervyns LLC, headquartered in the San Francisco Bay Area, is a family-friendly promotional neighborhood department store offering trend-right fashions and home décor for the entire family at affordable prices. With 255 locations in 13 states, Mervyns has a well-earned reputation for its extensive selection of national and private-label fashions and housewares.
Community giving has been a cornerstone of the company's business since 1949, with a focus on improving the lives of children and families by giving back to educational programs in its communities.
marketing@alchempro.com
