Odd Job Stores Drag Down Would-Be Savior ; Amazing Savings Files for Bankruptcy Protection

The Record, Bergen County, NJ › January 13, 2005

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Summary

Amazing Savings Holdings LLC filed for bankruptcy protection Wednesday, saying it failed to turn around the fortunes of the faltering Odd Job retail chain,

Amazing Savings founder Samuel Friedland three months ago had described the task of making 72 Odd Job stores profitable as a "difficult mountain to climb" but said an aggressive advertising and store rebranding campaign would help. Dismal sales over the holiday shopping season, however, led the South Plainfield company to default on a $56 million loan and file for bankruptcy protection.

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Odd Job Stores Drag Down Would-Be Savior ; Amazing Savings Files for Bankruptcy Protection

"They bit off more than they could chew," said Howard Davidowitz, chairman of Davidowitz & Associates, a national retail consulting and investment bankin...

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