The Limited closed abruptly three weeks ago and filed for bankruptcy liquidation last week. The plan is for the brand and web site to be sold at auction to new owners who will operate a web store, but there are reasons to be skeptical of that plan. The Limited would be a hard brand to relaunch at this point.
Wet Seal, bought in bankruptcy two years ago by private investors, is now preparing to close all stores and go into liquidation. About 171 locations, most in malls, will close by March 21, but many are likely to close in the next few days.
American Apparel, in bankruptcy for a second time, has let half of its staff go and will close for good in February.
Eastern Mountain Sports is said to still be seeking funding to purchase spring inventory. At this point, the clock is ticking, and it may have to close in February or March.
