As many people are aware, the U.S. retail chain that focuses on plus-size clothing and accessories is closing at least 10 stores. The closures will affect about one-third of the company’s stores, which operated 26 locations. While the company is reportedly cutting costs, it will continue to sell its products. For more information on Fashion to Figure’s closing plans, read this article. Here is a look at the situation.
Fashion to Figure is closing 10 stores
The closure of 10 Fashion to Figure stores is a major blow for the retail industry. These women’s clothing stores offer stylish and affordable clothing for women, aimed at a broader audience. As many women are losing jobs because of the economy, this is an especially devastating blow to the retail industry. If you’re among those who are saddened by this news, here are some tips that will help you get through the transition.
While many women are focusing on their holiday shopping, Fashion To Figure is preparing to close its doors. The company launched its first store in West Nyack, New York in October 2004. It later opened another location in Livingston Mall in Livingston, New Jersey. By 2011, the company had seven locations throughout New York and New Jersey. The brand also launched an online store, serving a global customer base. It has over 100 employees in its retail stores.
A spokesperson for Fashion to Figure said that the closures will be based on the needs of the local markets. The company also said that closing 10 stores will result in cost savings for the company. L Brands has 250 stores in the U.S. and plans to close 10 more by the end of 2020. Closing stores will be made based on the specific needs of each market. The closure of stores is a huge blow for women everywhere, but it’s not a cause for alarm.
Barneys filed for bankruptcy
A year after fashion magazine “Fashion to Figure” declared the chain bankrupt, Barneys secured new capital and filed for Chapter 11 bankruptcy. The bankruptcy filing was made in the United States Bankruptcy Court for the Southern District of New York. It has since extended its deadline for finding a buyer, and has received approval for a going-concern sale of five stores.
Barneys had a massive rent bill and a general air of snobbery. The trend away from department stores is universal and iconic retailers are scrambling to arrest it. While fashionistas might scoff at the news, many Barneys customers have been disappointed by their experience and questioned their loyalty to the brand. Ultimately, the New York Post summed it up by noting that Barneys’ bankruptcy was a reflection of a deteriorating consumer experience.
Despite the negative press, Barneys’ name recognition will help it get by in the years to come. Authentic Brands Group, which recently acquired a stake in Barneys for $271 million, plans to exploit that name recognition in east Asia and the Middle East. It hasn’t revealed its plans for the US home market, but the new owner says it will transform its flagship store into a “pop-up retail experience.”
On March 17, 2016, Neiman Bros. announced the closure of 10 stores and furloughed over 14,000 employees. The chain blamed a pandemic recession, which is making consumers retreat from luxury goods and accelerate the shift towards online retail. With the closures, the company faces a challenging six to twelve months. Despite the challenges ahead, Neiman’s future remains bright.
The retailer said that it will focus on its regular department store lines, including Bergdorf Goodman in New York City and Horchow Finale in Fort Worth. While this new Fort Worth store will not be able to compete with its former location, it will remain open throughout the holiday season. Last Call employees will receive severance packages based on their length of service and may find new jobs within the company’s other stores.
A recent bankruptcy filing has left the maternity clothing retailer in a state of uncertainty. The company had been planning to close more than half of its stores in the fall but was unable to find a buyer. Fortunately, it had a deal with Marquee Brands, a brand management firm, in December. The remaining 235 stores will close between January and March 2020. The reopening of Neiman Marcus Fashion to Figure stores is the next logical step for the company, which will be able to focus on e-commerce.
After filing for bankruptcy, J.C. Penney is planning to close nearly a third of its 846 retail locations in the next two years. This would leave the company with just over 600 stores. In its most recent financial report, J.C. Penney said that sales fell 8%, while net income dropped to $27 million from $75 million in the year prior. In addition, the company is heavily indebted with $4 billion in liabilities. Its store closures are only the latest in a series of measures to cut costs.
The bankruptcy filing by JCPenney comes as the retail giant continues to make adjustments to its business model and focus on denim. The company recently announced that it will close more than 200 stores this year and another 115 in the future. Although the company is in the midst of a turnaround, the news has come as a surprise, given its recent financial performance. The company plans to close another 10 stores in January and is expecting to cut about 40% of its workforce by the end of 2021.
The company has also announced that it will partner with Robert and Courtney Novogratz for a collection of modern furnishings, lighting, bedding, rugs, and wallpaper. The collection will be available for a limited period of time in select stores and online. In addition to the clothing lines, JC Penney will also carry the Juicy Couture line of celebrity-inspired athletic leisurewear.
The fashion chain Deb Shops will close its entire network of fashion to figure stores, effective March 31. The company has filed for bankruptcy protection after being unable to pay its bills, and lawyers will now sell off final inventory, fixtures, and equipment. The closing of Deb Shops stores will be a big blow to the fashion industry, but it should serve as a good opportunity for those who need clothing in their size.
As a retailer, Deb Shops was founded in Philadelphia in 1932 and first became known as JOY Hosiery. In the 1970s, Deb rebranded as Deb and refocused its strategy on girls and women’s fashion. This meant that the chain closed most of its smaller neighborhood stores and instead opened larger stores in shopping malls. However, it’s unclear why Deb chose to close its stores, which are located in the Midwest and Northeast.
Although the company is no longer selling fashion to figure clothes in stores, it continues to offer clothing and accessories for plus-sized women. The store specializes in jeans, and customers can choose from various washes and distressing for an even more unique look. Deb Shops also sells shapewear and bras. The brand’s shoes also offer stylish options for everyday use. Even its scarves and socks are designed to be practical for active women.
Modell’s Fashion to Figure is closing ten of its retail locations due to a lack of sales. The company has been struggling for years, but the holiday season was particularly difficult. Several landlords and vendors are no longer getting paid, and Modell’s has hired advisors to help it with restructuring. The closure of ten of its retail locations is a significant blow for the company, which has 141 stores.
Retailers have begun to shutter their physical locations in order to find new growth opportunities. Before the recent health scare, a number of retailers filed for bankruptcy protection and began closing their stores. Since then, more retailers have announced closures. Modell’s is the latest. It has closed 10 of its stores, halting liquidation sales. The company plans to redirect the savings to e-commerce. Today, the majority of people shop on the Internet.
Hundreds of employees are expected to lose their jobs and face layoffs. It’s unclear if the closures will affect the company’s workers and customers. Its closings are a blow to its employees and the community. The company’s bankruptcy filing is likely to impact its workforce and the entire industry. The company had filed for Chapter 11 bankruptcy protection in October, when it had already filed for Chapter 11. It hoped to close 183 of its 436 stores before selling the rest to Marquee Brands. It hoped to close the remaining 235 stores in a few months.
After closing 264 of its clothing stores, Ascena will sell the website and brand name of plus-size brand Catherines to City Chic Collective. Ascena also plans to close more than 600 Justice stores that cater to girls and preteens. In addition, Ascena will shut down some of its Ann Taylor, Loft, Lane Bryant, and Lou & Grey stores. On Aug. 2, Ascena filed for bankruptcy, announcing it will close 250 of its stores nationwide.
The company owns several premium brands including Ann Taylor, Loft, and Lane Bryant. The company has announced plans to restructure under Chapter 11 and cut its debt. The bankruptcy filing came just two days after Ascena cut corporate staff by half and eliminated its executive salaries. However, the news of store closures has the fashion industry scrambling. Ascena is trying to save its brands as much as possible, which may mean laying off workers.
Ascena’s value division, which includes brands such as Dressbarn and Maurices, has seen its sales fall 12 percent year over year. Last year, the company introduced new leadership, attempting to spruce up its image. David Jaffe, Roslyn’s son, stepped down as Ascena’s CEO and chairman earlier this month, but remains a director.