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Mervyn’s to Liquidate and Close; 3000 Northern California Employees Affected

October 18, 2008

With no more fight left in it, Hayward-based Mervyn’s has decided to shut its doors for good. The retailer will be closing all of its approximately 150 stores. In Northern California, Mervyn’s has more than 3,000 employees.

Locally, Mervyn’s has a retail presence in San Jose, Milpitas, Campbell, Morgan Hill, Santa Clara, Fremont, Cupertino, Mountain View, Newark, Hayward, Dublin, San Mateo, Millbrae, and Redwood City in addition to a corporate headquarters facility in Hayward, and a 400,000 square foot distribution center on Fremont Blvd. in Fremont.

Mervyn’s is the latest in a series of high profile retailers to go under. Over the past year or so, we have seen Levitz, Sharper Image, Linens N’ Things, Shoe Pavilion, Steve and Barry’s all succumb to economic and capital markets pressures, and they certainly won’t be the last. Retailers such as Foot Locker, Starbucks, and many others have announced plans for store closures.

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