Goody's Family Clothing

Infobox_Company
company_name = Goody's Family Clothing
company_
foundation = 1953
company_type = Private
location = Knoxville, Tennessee
key_people = M.D. Goodfriend, Founder
industry = Clothing
products = Clothing, including trousers, shirts, shoes, and accessories.
homepage = [http://www.goodysonline.com www.goodysonline.com] Goody's Family Clothing is a chain of clothing retailers based in Knoxville, Tennessee. It operates approximately 383 stores in the U.S South and Midwest, including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, Ohio, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

History

Goody's Family Clothing was founded in 1953 by M.D. Goodfriend in the town of Athens, Tennessee as a small family business, Athens Outlet Store. In 1979, the family business changed the merchandise focus from offering closeout, irregular, and previous-year merchandise to offering current, first-quality, brand name merchandise. This change brought a new headquarters in Knoxville, a new president and CEO, M.D.’s son, Bob Goodfriend, and a name change to Goody’s Family Clothing, which reflected the company’s new strategic direction. Goody’s has grown from 12 stores and $3 million in sales in 1972 to over 380 stores and well over $1 billion in sales in 2007. Goody's went public with its stock in October 1991, but continued to be headed by Bob Goodfriend until it was taken private again in a sale to GMM Capital and Prentice Capital Management in January 2006. " Goody's to close 69 of its stores",Carly Harrington, "Knoxvillebiz.com", June 10, 2008 [http://www.knoxnews.com/news/2008/jun/10/goodys-to-close-69-of-its-stores/] ]

On June 9, 2008, Goody's filed for Chapter 11 bankruptcy. According to reports, they plan to close 69 stores and consolidate distribution centers by closing one facility in Russellville, Arkansas. Although other reports say as many as 109 stores may be closed. [ "Goody's Defiance store to close", "Crescent-News", June 10, 2008 [http://www.crescent-news.com/news/article/3923301] ] The bankruptcy is being administered by Logan and Company, Inc..

These are the store closings for 2008 by state:

*Alabama — Birmingham, Brook Highland; Homewood; Hoover; Springdale, and Selma
*Arkansas — North Little Rock, Fort Smith and Conway
*Florida — Palatka, Tallahassee, Panama City, Gainesville, DeLand
*Georgia — Kennesaw, Conyers, Newnan, Austell, Cumming, Gainesville, Hiram, Tucker, South Augusta
*Illinois — Carbondale, Danville and Pekin
*Indiana — Terre Haute, Columbus, Kokomo, Bloomington
*Kansas — Hutchinson, Salina, Pittsburg
*Kentucky — South Lexington, Paducah and Lexington
*Louisiana — Houma and Alexandria
*Missouri — Joplin, Hannibal and Jefferson City
*North Carolina — Henderson, Gastonia, Concord, Asheville, Wilkesboro and Salisbury
*Ohio — Defiance, Piqua, Bowling Green, Massillon and Marion
*Oklahoma — Muskogee
*South Carolina — Harbison, Florence, Hilton Head, Aiken and North Myrtle Beach
*Tennessee — Chattanooga, Hamilton Place; Chattanooga, Northgate; Chattanooga, East Gate; Kingsport and Clarksville
*Texas — Texarkana, Killeen, College Station, Temple and Odessa
*Virginia — Lynchburg
*West Virginia — Morgantown

Exclusively at Goody's

Duck Head, founded in 1865, now exclusively sells its merchandise, including glasses, jeans, shirts, and shoes, in Goody's stores.

In Late 2007, actress Ashley Judd debuted a clothing line called "The Ashley Judd Collection", it includes sweaters, denim jeans and dress tops for woman.

Denim Planet is a line a denim jeans for the entire family.

References

External links

* [http://www.shopgoodys.com Online Goody's Family Clothing]
* [http://www.shopgoodys.com/brand/?brand=4387,4742,4755 Duckhead]
* [http://loganandco.com/client_detail_summary.asp?DebtorId=329&DebtorName=Goody's%20Family%20Clothing,%20Inc. Goody's Family Clothing Bankruptcy Site by Logan and Company]