Goody’s Announces Reduction in Workforce

BusinessWire: Goody’s Family Clothing, Inc. announced today that in conjunction with its recently announced $65 million investor funding (January 16, 2008), the Company has reduced its home office workforce by five percent and realigned its field support staff to achieve improved operating efficiencies.

According to Chuck Turlinski, chief executive officer of Goody’s, “The reorganization and realignment of our field and home office support functions are consistent with our priorities to create a more responsive and cost-effective organization that will help us achieve our 2008 financial goals. We regret that the reduction in workforce is a necessary step toward achieving our objectives, and we are assisting those individuals who have been affected by today’s events.”
Turlinski further stated, “Every effort in this realignment process has been made to ensure that we continue to maintain the same high standard of service levels to our customers.”

With headquarters in Knoxville, Tennessee, Goody’s is a retailer of moderately priced family apparel operating 378 stores in the 21 states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Louisiana, South Carolina, Tennessee, Texas, Virginia, and West Virginia.