Mervyns to Open Five Stores in 2009

Hayward, Calif. Mervyns will launch an e-commerce site in the fourth quarter of 2008 and open five stores in the company’s core markets across California and the Southwest in 2009.

The retailer also plans to sell an estimated five to 10 underperforming locations, and  has retained DJM Realty to manage disposition of this real estate. The company anticipates that its new online business will generate $50 million in sales.