clothing retailer avenue stores to close 222 retail outlets in us retail insight network
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Clothes retailer Avenue Shops to shut 222 stores in US – Retail Perception Community

Girls’s clothes retailer Avenue Shops is about to shut all of its 222 retail shops in 33 US states.

The shops are positioned throughout Arizona, California, Florida, Illinois, Indiana, Michigan, Maryland, Massachusetts, North Carolina, New Jersey, and New York amongst others.

Avenue Shops has chosen a three way partnership consisting of Gordon Brothers and Hilco Service provider Assets to hold out retail retailer gross sales, which additionally contains the sale of all gadgets, manufacturers and in-store fixtures.

As a part of the sale, the retailer is providing 30%-50% off all merchandise, together with denim, swimwear, footwear, equipment.

The three way partnership spokesperson stated: “Avenue customers will probably be amazed not solely by the unbelievable financial savings, but in addition by the nice choices and types obtainable on the closing sale.

“Given the recognition of the model and the seasonal tendencies, merchandise is certain to promote out shortly. We’re encouraging shoppers to buy early and make the most of these affords.”

Earlier this week, a three way partnership of SB360 Capital Companions and Hilco Service provider Assets was appointed by fast-fashion retailer A’GACI to liquidate its shops.

The retailer filed for chapter safety below chapter 11 and introduced plans to shut all 54 shops within the US and Puerto Rico.

SB360 and Hilco commenced ‘going out of enterprise’ gross sales at this time in all 54 A’GACI places this week.

Final month, jewelry and equipment retailer CHARMING CHARLIE filed for chapter 11 chapter with plans to shut all 261 shops in 38 US states.

The shop closing gross sales for this retailer are additionally being carried out by a three way partnership consisting of Hilco Service provider Assets and SB360.

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