Worst Corporate Press Release Of The Day: Harold’s

By Douglas A. McIntyre Updated Apr 28, 10:44AM EDT · Published Nov 11, 5:51PM EST

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R218533_855025 For the management that drove its company into Chapter 11, there is always the option of telling as many people as possible:

Harold’s, an 18-state chain of traditional, classic styled ladies and men’s specialty apparel stores for customers between the ages of 30 and 50, announced today that it is closing its doors for good. Yesterday, an Oklahoma bankruptcy court approved plans for the 60-year-old retail chain to begin a store-wide Going-Out-of-Business sale. One store will close in Mississippi.

"We’d like to thank our loyal customers for their many years of patronage by offering incredible values on the merchandise in the store. As always, our knowledgeable Associates will provide our customers with the same high level of service," stated Ronald S. Staffieri, Chief Executive Officer of Harold’s Stores, Inc.

Will the last "Associate" please shut our the lights when he leaves?

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.