Marty’s Shoes to Close All Stores

Secaucus, N.J. Marty's Shoes plans to close all 47 of its stores and liquidate operations, according to New Jersey’s The Record.

The discount chain filed for Chapter 11 bankruptcy last month after 34 years in business.

The company began liquidating sales in August.

An affidavit by Marty's president and CEO John Adams, filed with the bankruptcy documents, attributed the company's failure to tough economic conditions, excess inventory and what turned out to be a poorly executed management change in 2006.