DECLINED--NEXT

WWD reports that Mervyns is expected to file bankruptcy court protection in the next few days.

A cash infusion was supposed to resuscitate the $2.5 billion department store chain, but the needed funds never materialized.  A Chapter 11 filing looks inevitable.

The store has been hurt by the housing implosion in California and the Southwest.  With the core of their customers being burned by rising gas and food prices, job cuts and tight credit.

Aren't times just great........

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