By  on December 12, 2008

Kohl's and Forever 21, among the few retailers still expansion-minded in the down economy, acquired 46 Mervyns leases for approximately $6.25 million in a court auction held last week.

Kohl’s will move into 31 locations, while Forever 21 will get 15, pending bankruptcy court approval. Mervyns decided to liquidate its 149 locations in October.

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