Overview
- The company told customers it is liquidating inventory and will close soon, according to an email response confirmed Thursday.
- Store and corporate employees reported sudden job losses, with managers and a visual merchandising director saying their roles ended.
- Vendors report unpaid invoices, with one supplier claiming roughly $250 million is owed and no communication from corporate.
- Clearance events were expected to begin in stores Friday as the website launched a warehouse sale with items $15 and under.
- Local outlets list closures across states including Alabama and Maryland, following years of strain after a 2020 bankruptcy and a 2021 sale, plus expansions such as the Franki line and the 2023 Richer Poorer acquisition.