Street Teams And The End Of Mervyns
When Mervyns went out of business they hired us to help promote the liquidation of their remaining stores though powerful clearance sales! We were holding sign events throughout the United States, they just wanted to clear things as fast as possible in the last days they had left. We had sign walkers and street teams placed near all their remaining stores in Southern California.
Mervin G. Morris is the founder of Mervyns, an American department store chain that sold clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares, and is based in Hayward, California.
2006 - Mervyns had 189 Stores in 10 states.
2007 - Mervyns had 177 Stores in 7 states.
2008 - Mervyns was brought to an end through a Chapter 7 bankruptcy liquidation.
Signs of financial instability and possible bankruptcy started appearing in July 2008. Moreover, they were denied any financial aid and therefore this raised the possibility of the company to perhaps go out of business.
Everything went downward from here on and on the 17th of October, 2008 they were filed for a Chapter 7 bankruptcy liquidation. Chapter 7 bankruptcy liquidation - is the most common type of bankruptcy; it manages the process of liquidation - when the company in brought to an end - under the laws of bankruptcy in the U.S.
The Great Recession of 2007 was the cause that lead Mervyns to the Chapter 7 bankruptcy liquidation. They went from being the 83rd largest retailer in the United States to complete demolishment. I was a huge economic decline for all the Mervyns stores.