Goody's clothing store is going out of business

Posted by Debra Worley - email

WILMINGTON, NC (WECT) - A family clothing outlet is going out of business and is liquidating its remaining stores.

Goody's emerged from bankruptcy in October 2008, but was unable to restructure terms with creditors.

This is the first high-profile retailer to go under in a new year that is expected to see many more going-out-of business announcements.

Goody's operates 282 stores in the southeast and has about 10,000 employees.