Ames exits scene. (Spotlight).(Ames Department Stores Inc.)(Brief Article)(Statistical Data Included) From: MMR | Date: August 26, 2002| Author: Meyer, Scot | COPYRIGHT 2002 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

ROCKY HILL, Conn. -- Ames Department Stores Inc.'s year-long struggle to emerge from bankruptcy protection ended instead with the company's decision to go out of business.

The regional discount chain plans to liquidate its entire inventory and close all of its 327 store locations.

"This was a wrenching decision, but the right course to take," said Ames chairman and chief executive officer Joseph Ettore. "Continued softness in sales, combined with tightening t...

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