Report: Hacketts forced into bankruptcy

The Watertown Daily Times is reporting creditors – in this case, the manufacturers of the merchandise – are forcing Hacketts into bankruptcy.

Hacketts must be the North Country’s biggest chain of department stores, with nine locations (it’ll be eight when the Watertown store closes this summer). Hacketts started in Ogdensburg in the 1830s, and was acquired by another regional retail chain, Wise Buys, two years ago.

This may be a big blow to the regional retail scene. We’ll have coverage today on All before Five and tomorrow on The 8 O’Clock Hour.

Tags: economy