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.

Is Fallas going out of business 2020?

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.