NASHVILLE, Tenn. – Service Merchandise Co. Inc., a 42-year-old retail chain that has operated under Chapter 11 bankruptcy protection since March 1999, announced Friday that it is going out of business ...
Update—In an early afternoon release, Service Merchandise confirmed that it intends to cease operations and liquidate its assets. The company cited “disappointing 2001 results in a post-September 11 ...
BRENTWOOD, Tenn. — Service Merchandise is trimming 1,750 full-time employees from its work force to reduce expenses as it attempts to pull out of bankruptcy, the company announced Wednesday. The job ...
Service Merchandise Co. Inc., struggling to pay debtors and bolster weak sales, will close a third of its stores even as it prepares to give customers a second chance to win expensive prizes. The ...
Bankrupt retailer Service Merchandise Co. said Friday that it is going out of business. The retailer, which has been selling gifts, jewelry and home decor products for 42 years, said its 8,300 store ...
In an effort to save an estimated $35 million in 2001, Nashville, Tenn.-based Service Merchandise laid off about 1,750 full-time employees Jan. 10 and announced plans to restructure its core business.
The Service Merchandise store on Mercury Boulevard – a seller of jewelry, electronics and other home products – is closing its dorrs after nine years in business. The store at Todd Center is one of ...
Coming soon to several Service Merchandise stores near you: going out of business sales. As a result of the retailer’s bankruptcy filing, three stores on Long Island Huntington, Lawrence and ...
Struggling retailer Service Merchandise Co. Inc., the last catalog-showroom chain in the United States, will close more than a third of its stores in the next three to four months in a restructuring ...
Service Merchandise Co. Inc., once something of a blundering giant in the retail industry, is regaining its agility, according to stock analysts. Service Merchandise wins praise for improving its ...
Brentwood-based Kirkland Properties fended off a formidable competitor todayto win control of the former Service Merchandise headquarters property. Kirkland's high bid of $9.630 million was enough to ...
The late, lamented catalog showroom retailer Service Merchandise is making a comeback of sorts. The success of a Service Merchandise jewelry Website launched in December has led to the test-mailing of ...