The parent company of Fallas Paredes filed for Chapter 11 bankruptcy protection. … The stores closing include 12 in California — eight Fallas stores and four Anna’s Linens outlets. The Fallas stores being shuttered include those in Hollywood, Norwalk, Northridge, Burbank and Santa Ana.

Why did Fallas close down?

It blamed the bankruptcy on a negative environment for retailers, costs from its purchase of the 78-store East Coast chain Conway’s in 2014, lost revenue from Hurricanes Harvey and Maria in 2017, and a data breach that exposed information for more than 552,000 cards in late 2017.

What happened Factory 2-U?

Factory 2-U is a chain of stores founded in 1962, operated by National Stores. The brand under National Stores sells off-brand apparel under the Factory 2-U name. … In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by National Stores.