Apparel Retailer Susie's Deals Files for Bankruptcy

Susie's Deals, a 70-store apparel retailer offering heavy discounts on men's, women's and children's clothing, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Riverside, CA after more than 35 years in business. The filing by Susie's parent company Hyman Family marks the seventh retail bankruptcy this year. The retailer, which operates approximately 70 stores in California, Utah, Arizona and Nevada as well as an e-commerce site, had offered apparel items for as little as $5.99, relying on close-outs and overstock for merchandise. However, according to bankruptcy court documents cited in published reports, "As inflation set in,