FINANCE

Plus-size women’s apparel retailer sets liquidation sales

BY Marianne Wilson

It’s almost closing time for Fashion to Figure.

A U.S. Bankruptcy Court judge in New Jersey approved an order authorizing a joint venture of SB Capital Group and 360 Merchant Solutions to conduct liquidation sales at all of Fashion to Figure’s remaining stores.

Headquartered in Manhattan, B. Lane Inc. (doing business as Fashion to Figure) filed for Chapter 11 protection on Monday, November 13, 2017. At the time of the filing, the plus-size retailer operated 26 stores as well as an e-commerce site. Immediately following the filing of the Chapter 11, the retailer closed seven locations and consolidated store inventory into the remaining 19 locations.  SB Capital and 360 plan to operate “Total Liquidation” sales in the 19 Fashion to Figure stores, and will operate the e-commerce site as part of the total liquidation.

Fashion to Figure was co-founded in 2004 by brothers Michael and Nicholas Kaplan, great-grandsons of Lena Bryant, the founder of the plus-size clothing chain Lane Bryant. The store’s name was derived from a quote Lena Bryant made in a 1950 interview in which she stated, “You should never ask women to conform their figures to fashion, but rather bring fashion to the figure.”

Several factors contributed to the bankruptcy filing and the ultimate decision to close the stores, including an ill-timed expansion.

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