Apparel Chain Metropark USA Declares Bankruptcy

Metropark USA, a 69-store apparel chain catering to young adults, filed for Chapter 11 protection in U.S. bankruptcy court in White Plains, NY last week and plans to close all its locations. It's the eighth retail bankruptcy in 2011 and follows close on the heels of another West Coast apparel chain, Susie's Deals, which filed for bankruptcy last month.