Rest in Peace, Daffy’s

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Shoppers walk past Daffy's, a fashion brand name discount chain store, in New York, December 11, 2008. Photo: EMMANUEL DUNAND

The struggling, off-price retailer plans to close all of its nineteen stores, most by October, and start a series of going-out-of-business sales (held by a liquidation firm) soon. According to WWD, "The benefit to [Chairman and CEO Marcia] Wilson in a liquidation is that she has preserved her options for the real estate sites that the firm owns."