Daffy's Inc., which sells national fashion brands at up to 80 percent off, is going out of business, a victim of a fiercely competitive landscape that has already claimed rivals Syms and Filene's ...

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.

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