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 ...

Daffy's has plans to open a Times Square outlet in the latest sign of the area's transformation into a center for low-priced fashion. The national chain, whose slogan is "high fashion, low prices ...