NATICK, Mass. -- Wholesale Depot, an 11-unit chain of miniclubs based here, has filed for Chapter 11 bankruptcy protection.
The filing was precipitated by sluggish sales and Wholesale Depot's corresponding inability to finance day-to-day operations, observers said.
Mervyn Weich, Wholesale Depot's president and chief executive officer, told SN the company will continue operations until it appears in U.S. Bankruptcy court in Worcester, Mass., May 20. At that time, Wholesale Depo