THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Saturday, December 17, 1994 TAG: 9412170235
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
SOURCE: BY LON WAGNER AND STEPHANIE STOUGHTON, STAFF WRITERS
DATELINE: NORFOLK LENGTH: Short : 37 lines
McCrory Corp. said Friday it will close at least two more stores in Hampton Roads as part of the troubled five-and-dime chain's endeavor to emerge from bankruptcy.
The two stores closing in Norfolk are located on the 7600 block of Granby Street and the 2300 block of Little Creek Road, said Gini Riese, who works in McCrory's public relations department. Riese said that about 100 McCrory stores would be closed nationally.
Employees at both Norfolk stores said they had not been told of the closings, which are slated for the beginning of 1995. The number of workers affected was not available.
After the closings, South Hampton Roads will have two McCrory stores. The company will continue to operate 528 stores in 37 states and the District of Columbia, the company said in a statement Friday.
The statement did not specify whether Friday's announcement represents a new round of closings for the company, which has been shutting stores since the early 1990s. McCrory already had closed a store on Virginia Beach Boulevard in Virginia Beach.
The company now has about half of the 1,030 stores it had when it began restructuring in 1992. At the time, it said it would close 229 stores nationwide.
McCrory operates McCrory variety stores and the G.C. Murphy, J.J. Newberry, H.L. Green and S.H. Kress outlets, some of the oldest names among the chains of dime-stores that once dotted many downtowns across the nation. by CNB