Metchek said she doesn think the stores alone were a death knell for the company, which was plagued by other pressing problems. She points to the board refusal to adequately fund the turnaround plan following its bankruptcy as the final nail that sealed the company fate. After Charney firing, 90 per cent off sales were instituted storewide, which caused sales to plunge and inventory to be depleted on the most popular items, she said..
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