Harold’s Stores Inc. and related companies filed for Chapter 11 bankruptcy protection Friday in Oklahoma City.
This is the only image shown on Harold’s Web site, which says the company no longer is taking online orders. Provided By Harold’s Stores
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Harold’s, founded in 1948 in Norman but now based in Dallas, has stores in Oklahoma City, Norman and Tulsa.
The company estimated assets and liabilities between $10 million and $50 million in the filings.
Stores were open Friday. A woman who answered at the 50 Penn Place location said Harold’s stores would be open today.
Ron Staffieri, Harold’s chief executive officer, could not be reached late Friday.
Harold’s has stores in 19 states, mostly in the South, West and Midwest. Harold’s has stopped taking online orders, its Web site said.
Stores in Oklahoma include locations at Campus Corner in Norman, 50 Penn Place and Rockwell Plaza in Oklahoma City and The Farm Shopping Center and Utica Square in Tulsa.
The highest-profile store in Oklahoma City is at 50 Penn Place. A commercial real estate broker familiar with the property said the loss of Harold’s would be devastating for the retail section of the combination mall-office tower.
In addition to Harold’s Stores Inc., Harold’s Direct Inc., Harold’s Financial Corp., HSTX Inc., Harold’s of Jackson Inc., Harold’s Limited Partner Inc. and Harold’s Stores of Texas LP also filed bankruptcy.
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Interesting how it's ran out of Texas yet operates in Oklahoma. This is what happens (like Crossroads, Heritage, etc) when out-of-state operators fail to grasp reality.
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