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Mervyns to begin store closing sales


HAYWARD, Calif. Mervyns, a Hayward, Calif., based company has decided to call it quits and liquidate their remaining 149 stores.

The going-out-of-business sale will be conducted by a joint venture group consisting of Great American Group, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners, LLC. The sale is expected to last 8 weeks with some stores closing sooner.

During its nearly 60 years in business, Mervyns has become a Southwest landmark, known to consumers for style, quality and value, said Harvey Yellen, chairman of Great American Group. The going out of business sale will offer the general public, as well as the thousands of loyal Mervyn's customers, a final opportunity to acquire the quality merchandise that Mervyn's was known for, all at significant discounts. 

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