Vann's to File For Bankruptcy
Montana retailer Vann's plans to file for bankruptcy, according to a news report in Missoula.
According to Missoula's ABC affiliate, the retailer plans to emerge from bankruptcy smaller and healthier, focusing on online. CEO Jerry McConnell said that the company's ON Store and Big Sky Country divisions have not been profitable.
Former CEO George Manlove stepped down from the company in June.