The struggling inner city retailer is talking to several banks to avoid a Chapter 11 filing, according to a report in Reuters. It has 120 stores mostly in the West but ranging as far east as Tennessee. It said it is current with its vendors and landlords right now but has retained legal counsel in the event it cannot raise new financing so a Chapter 11 filing would allow it to exit unprofitable stores. The rumors about the chain have been swirling recently, and we have been checking for a bankruptcy filing. It did receive a $20 million commitment from ... Log in to view full article.