Plus-size women’s apparel retailer Avenue Stores has run out of time.
Avenue Stores is shutting down its brick-and-mortar operation, with closing sales now underway at its 222 stores, which are located across 33 states. It is unclear whether the retailer will continue to operate its e-commerce site. Earlier this month, the New York Postreported that Avenue had 60 days to find a buyer or it would have to shut down its stores.
The store sales, which include store fixtures, are being conducted by a joint venture consisting of Gordon Brothers and Hilco Merchant Resources. A spokesperson for the consortium said, “given the popularity of the brand and the seasonal trends, merchandise is sure to sell out quickly. We are encouraging consumers to shop early and take advantage of these offers."
Avenue is owned by private equity company Versa Capital Management, which acquired it in a bankruptcy auction in 2012. At the time, the retailer operated 433 stores as compared to its current total of 222.