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Rest in Peace, Daffy’s

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

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."

Photo: EMMANUEL DUNAND/2008 AFP

Copyright © 2013, New York Media LLC. All Rights Reserved. The Cut® are registered trademarks of New York Media LLC.

Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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