Daffy’s expects to recover 99.5 percent of the cost of its inventory, estimated to be worth about $17 million. Daffy’s listed assets of $60.2 million and debt of $70.5 million as of July 1.

Pictured above a sign for the store's East Hanover location. Secaucus-based discount chain Daffy’s announced earlier this week that it would close its 19 stores in the next few months.

Daffy’s, the off-price retail chain, officially will celebrate its reopening in its one and only Long Island location Wednesday, and what it has seen so far on Manhasset’s Miracle Mile, bodes ...