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"It's sad they are another company going out of business.
I hate to hear about it." Blackard said the store, which had more than 30 employees, was a chamber member until last year, when the business didn't renew.
The company's owners had been racing to lock in a private-equity buyer but weren't able to close a deal in time to satisfy the banks.
Discount clothing chain Goody's Family Clothing, which has stores in Southeast Georgia, will begin liquidating its stores today as the retailer becomes one of the year's first victims of the worsening economy. "They were valuable chamber members close to 20 years," he said.
The 61-year-old will be replaced by former CEO Leland Tollett on an interim basis.
In its last fiscal year, Tyson's profit fell 68 percent to million.
But without a last minute buyer or an investor to purchase high-performing stores, their job outlook is grim.
[Source: CNN] Waterford Wedgwood files for insolvency --- Waterford Wedgwood PLC, the world-famous maker of fine crystal and ceramics filed for insolvency administration Monday after failing to win a reprieve from lenders.
The heavily indebted company's filing had been a long time coming: The company had struggled for years against mounting competition from modern, less-expensive tableware labels.
[Source: Knoxvillebiz.com] Tyson CEO resigns --- Dick Bond, CEO of Tyson Foods Inc., stepped down from his post as head of the meat producer on Monday amid turmoil in the poultry industry.
"I have decided it is in both my best interest personally and the best interest of the company for me to move on and pursue other interests," Bond said in a statement following the surprise announcement.