RETAILING

DAK Industries Closes Its Doors: The Canoga Park company, once one of the nation’s largest consumer electronics catalogue marketers, has been operating under Chapter 11 bankruptcy protection since June, 1992. Faced with continuing losses and a lack of cash to continue operating, DAK closed its doors Nov. 23. Its largest secured creditor, Tokai Bank, asked Bankruptcy Court to allow Tokai to foreclose and liquidate DAK’s remaining inventory. The court will consider the request at a hearing Monday.