Heilig to close 12 more stores

Article Abstract:

Heilig-Meyers will shutdown an additional 12 more stores, mostly in the southeastern United States. The closure of the unprofitable stores is being planned while the company seeks court permission to conduct its own liquidation sales.

Facilities & equipment

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Heilig seeks new finance package

Article Abstract:

Heilig-Meyers is hoping to secure a debtor-in-possession (DIP) financing package to take the place of a previous DIP deal. The firm hopes to gain a $30 million package.

Financial management

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Heilig-Meyers records more losses in third qtr

Article Abstract:

Heilig-Meyers posted a loss of $64.8 million for the third-quarter ending November 30, 2000. The loss was based on revenues of $224.3 million during the period.

Sales, profits & dividends

Similar abstracts:

• Abstracts: Rhodes to close 26 stores: Has $88M in financing under Chapter 11. Rent-A-Center to settle gender suit for $12.3 million
• Abstracts: Retailers continue to acquire ex-Heilig stores. Aaron picks up 52 more Heilig stores. Havertys expanding: will acquire 7 ex-HomeLife units

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