From the Atlanta Business Chronicle

Discount clothing retailer Goody’s Family Clothing Inc. has filed for Chapter 11 bankruptcy protection blaming pressures from tightening credit markets, strain on merchandise flow and dozens of underperforming stores in the chain.

Knoxville, Tenn.-based Goody’s said it will close 69 underperforming stores, consolidate distribution centers by closing one facility in Russellville, Ark., which will shrink expenses.

Goody’s has 17 stores in Georgia, but will close stores in Kennesaw, Conyers, Newnan, Austell, Cumming, Gainesville, Hiram, Tucker and South Augusta.

The Chapter 11 cases (including 19 related cases)  was filed in the District of Delaware.  The New York Post also has an article about the filing.