Tweeter shuts all stores
FROM TWICE: May file for Chapter 7 bankruptcy protection
By Alan Wolf of TWICE -- Video Business, 12/2/2008
DEC. 2 | FROM TWICE: CANTON, MASS.—Tweeter terminated its corporate staff yesterday afternoon and shuttered all of its remaining stores this morning, days before a planned weekend shutdown.
The move is believed to be a precursor to a conversion from Chapter 11 bankruptcy protection to complete liquidation under Chapter 7.
Employees and liquidators were reportedly given no advance notice of the action, and the status of remaining inventory and undelivered customer orders remains unclear.
Read the full story on TWICE.com.
