Lucky Brand Bankruptcy: Is Your Store Closing?
Another casualty in the Retail Apocalypse, after 30 years Lucky Brand Jeans has filed for bankruptcy. Lucky Brand Dungarees LLC, said it plans to close 13 stores and may shutter more during the bankruptcy process.
Lucky Brand Dungarees has filed for Chapter 11 bankruptcy protection and said it has a deal lined up to sell the company to buyers led by apparel retail operator SPARC Group, which operates under the Aeropostale and Nautica brands. (Los Angeles Times)
In a court filing, chief restructuring officer Mark Renzi described a proposal to sell Lucky to buyers led by apparel retail operator SPARC Group – owner of Aéropostale – for $140.1 million in cash and $51.5 million in credit. Lucky said the offer would preserve much or all of the company’s current network of stores. (NBC Los Angeles)
Lucky said that early this year it had about 3,000 employees, most of them part-timers. After stores closed down because of the COVID-19 pandemic, the company furloughed nearly 2,700 of them and has brought back only about 900. (KTLA)
Our hearts go out to the employees affected by these shutdowns. And, to the consumers who rely on these stores.
COVID Retail Apocalypse
This news comes on the heels ofretail giants such as J.C. Penney declared bankruptcy and plans to close 200 stores, And, Victoria’s Secret and Bath & Body Works announced they were closing 300 stores. Gordmans bankruptcy and store closings. Tuesday Morning stores declare bankruptcy. And, of course, Pier One Imports closing all of their stores. Shortly after Neiman Marcus, another department store giant, declared Chapter 11 bankruptcy amid the coronavirus pandemic. And, most recently The Children’s Place announced they would close 300 stores. and 24-Hour fitness closes doors to nearly half of its clubs.
See all the 2020 Stores Closing here.
Full List of Lucky Brand store closings July 2020
The following stores were listed in the bankruptcy filing as “initial closing stores,” according to USA Today.
Arkansas Lucky Brand store closing
- Little Rock: 11201 Bass Pro Parkway
California closing Lucky Brand stores
- Arvin: 5701 Outlets at Tejon Ranch Parkway
- Long Beach: 5267 2nd St.
- Thousand Oaks: 350 W. Hillcrest Dr.
Connecticut Lucky Brand closing store
- West Hartford: 1500 New Britain Ave.
Florida Lucky Brand store closures
- Dania Beach: 1763 Pointe Blvd.
- Orlando: 4200 Conroy Rd.
- Sarasota: 140 University Town Center Dr.
- Chicago: 520 N Michigan Ave.
Michigan Lucky Brand store closure
- Troy: 2800 Big Beaver
Mississippi Lucky Brand store closure
- Ridgeland: 1000 Highland Colony Parkway
Nevada Lucky Brand closing store
- Las Vegas: 1955 Festival Plaza Dr.
Puerto Rico Lucky Brand closure
- San Juan: 1000 The Mall of San Juan Blvd.