All Justice Stores Closing, Liquidation Sale Underway
The company said in the bankruptcy filing that it planned to shutter all of its Catherines plus-size stores and “intends to transition Justice to a primarily online platform and continue Lou & Grey within go-forward LOFT stores.” SB360 Capital Partners will manage the going-out-of-business liquidation sales, court records show. The firm managed Charlotte Russe’s 2019 liquidation, Charming Charlie, Fred’s and is currently handling Modell’s Sporting Goods’ closing sales.
Tween clothing brand Justice will shutter all locations by early 2021, parent company Ascena Retail Group Inc. announced Wednesday. Justice closed its brick-and-mortar stores last year, but now with the brand’s return inside thousands of the nation’s top retailer locations, parents and kids can plan a back-to-school wardrobe. Walmart has announced a new partnership with tween clothing brand Justice, bringing its line of trendy designs to Walmart.com and in 2,400 Walmart stores. Justice was put on sale after then-parent and Ann Taylor/Loft owner Ascena Retail Group filed for bankruptcy in July. In 2012, Brothers clothing began being sold in several Justice stores.
The chain outsold the much larger Walmart and Target stores in the girls’ apparel category during the 4th quarter of 2011 and the 1st quarter of 2012. The remaining Justice stores will serve customers through the holidays and then will close early next year. New Albany-based tween retailer Justice has been sold as part of the bankruptcy case of its parent company, Ascena Retail Group. Like other apparel retailers with a heavy commitment to shopping malls, Ascena was grappling with declining foot traffic long before the coronavirus pandemic, which has led to an increase of retailers filing for bankruptcy. New Jersey-based Ascena, which also operates Lane Bryant, Catherines, Ann Taylor, Loft, Lou & Grey and Cacique, filed for bankruptcy Thursday with plans to shutter around 1,600 of the company’s 2,800 stores, according to court documents.
To shop the new back-to-school collection, visit walmart.com/justicegirls. Bluestar Alliance’s portfolio includes department store brands such as Brookstone, Hurley, Tahari and Limited Too. To get started, we’ve assembled a comprehensive guide that outlines everything you need to know about investing in real estate – and have made it available for FREE today.
On February 17, 2015, Ascena Retail Group, Inc. announced that the Brothers brand would be discontinued due to poor sales and recognition. Justice later added more product lines in response to changing consumer tastes, including Justice Active inspired by athleisure trends, with products endorsed by Mackenzie Ziegler, as well as JoJo Siwa clothing and accessories. Limited Too was created by The Limited, Inc. in 1987 as a younger girls/infants version of The Limited. From 1987 to 1995, the number of stores increased from two to 288 different retail locations. In 1996, a new senior management team refocused Limited Too into a preteen girls fashion store. In 1999, Limited Too, Inc. spun off to establish a strong and independent brand identity.