The Retail Shutdowns Continue
It's an end of an era for Dawahares. The Lexington-based chain announced Thursday night it will be closing its 22 remaining stores.
Dawahares says it's going out of business because it can't raise the money it needs to continue operations. The 101-year-old family-owned company expects to run out of money by October.
Dawahares said it expects the liquidation to begin July 12th. This comes after the company filed for chapter 11 bankruptcy last month-- and closed 7 stores. Now, all its stores, including the four locations in Lexington, will be closing.
22 stores for Dawahares. 275 for Steve and Barry's. 600 for Starbucks.
More jobs lost. More retail vacancies. The slowdown just keeps getting slower.