By  on June 2, 2008

ATLANTA—Dawahare’s, a century-old, family-owned apparel chain, has filed for Chapter 11 and will close nearly a third of its 31 stores and downsize its corporate staff.

The Lexington, Ky.-based company cited its inability to successfully operate its stores profitably in a down-turned economy as its reason to file for a court-supervised reorganization plan on late Friday afternoon. Dawahare’s will close nine stores, all of them under-performing.

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