The legal reveals retail outlet just as before

Bluestar Buys Ascena’s Justice Brand For $90m

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.

The Justice brand, formerly Limited Too, is geared toward girls 6 to 12. It joined Ascena in 2009 and has 826 specialty retail and outlet stores. Ascena also owns Ann Taylor, Loft, Lane Bryant, Justice, Catherines, Cacique and Lou & Grey.

Department stores commonly serve as anchors, drawing in customers and encouraging smaller retail establishments to sign lengthy leases. But the loss of Justice is still a blow and yet another reminder malls will soon need to get very creative if they want to avoid bankruptcy themselves in the wake of the pandemic. For years, retailers have been diverting more resources into building their online presence instead of investing in physical stores.

Last week,Bed Bath & Beyond announced 63 more stores will close by the end of 2020with 200 of its namesake stores expected to close over the next two years. The recent round of Justice liquidation sales moved fast, added Ziggy Schaffer, also an executive vice president at SB360. New Jersey-based Ascena, which also operatesLane Bryant,Catherines,Ann Taylor, Loft,Lou & Greyand Cacique, filed for Chapter 11 bankruptcy protection July 23 and announced plans to shutter around 1,600 of the company’s 2,800 stores. In a release, Bluestar said it plans to expand the Justice brand into new product categories, including “unexpected” accessories, tech, home and more. As many as 25,000 stores could shutter this year as businesses continue to feel the impacts of the pandemic, according to a recent report from Coresight Research. Boston Moms is a rapidly growing community of moms in the Boston area.

The sale is announced as part of a bankruptcy plan for Ascena Retail who sold Justice to Blue Star Alliance. Ascena Retail originally filed for Bankruptcy Chapter 11 in July and announced the closure of all Catherines stores, some Lane Bryant, Ann Taylor Factory and Justice stores . At that time, the Justice store at the CoolSprings Galleria was not listed as a store to close.

Leave a Reply

Your email address will not be published. Required fields are marked *