OCRegister.com
SUBSCRIBE | IN TODAY'S PAPER | E-REGISTER | CUSTOMER SERVICE | SIGN-IN | HELP | ADVERTISE
Search:
Orange County Retail ~ The 411 on retail news in Orange County.

Children’s retailer may open up to about 90 stores

July 3rd, 2009, 8:00 am by Hang Nguyen, retail reporter

There are 908 Justice stores and a potential for the chain to grow to as many as roughly 1,000 stores, said James McCusker, spokesman for Dress Barn.

Last week, Dress Barn announced that it would buy Tween Brands, the owner of Justice stores.

Justice has stores at Brea Mall, South Coast Plaza in Costa Mesa, Bella Terra in Huntington Beach, Mercantile East in Ladera Ranch, La Habra Westridge Plaza, The Shops at Mission Viejo, Fashion Island in Newport Beach, Westfield MainPlace in Santa Ana, The District at Tustin Legacy, The Market Place in Tustin and Westminster Mall, according to its Web site. It’s unknown if Justice will add more stores in Orange County.

Last year, Tween Brands said that most Limited Too stores would be converted into lower-priced Justice stores. Both Justice and Limited Too sell clothing to girls 7 to 14 years old. However, Justice is priced on average about 20 to 25 percent lower than Limited Too, which was established in 1987. The conversion was an effort to drive growth and profitability.

More from OC Retail:

For more from OC Retail, see list of links on the right-hand side of this blog.

Share this post:
  • E-mail this story to a friend!
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • TwitThis

O.C. shopping center may face mortgage default

July 2nd, 2009, 7:41 pm by Hang Nguyen, retail reporter

The Kaleidoscope Courtyards in Mission Viejo apparently faces “imminent default” on its mortgage, according to a report by Fitch Ratings.

To read the full story, go to the Register’s Lansner on Real Estate blog. “No immediate response was available from the mall’s management company on the default news,” according to reporter Jon Lansner.

The shopping center’s tenants include Burke Willams Spa, Edwards Cinema, Ego Salon, Nine Star, Petra’s Fine Jewelry and Play N Trade, according to its Web site.

Earlier this year, Bristol Farms and El Torito Grill closed their locations at Kaleidoscope. To read more about that, CLICK HERE.

More from OC Retail:

For more from OC Retail, see list of links on the right-hand side of this blog.

Share this post:
  • E-mail this story to a friend!
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • TwitThis

Women’s retailer to close store near O.C.

July 2nd, 2009, 8:13 am by Hang Nguyen, retail reporter

The J. Jill store at The Shoppes at Chino Hills will close by July 11, said store manager Lynn Appel.

Talbots Inc. said in early June that it will sell 204 of its J. Jill women’s clothing, shoes and accessories stores and other assets to a private equity investment firm for about $75 million and close 75 J. Jill stores.

Here’s an excerpt from the press release dated June 8:

The Talbots, Inc. today announced that it has signed a definitive agreement to sell substantially all of the J. Jill brand assets to Jill Acquisition, LLC, an affiliate of Golden Gate Capital, a San Francisco-based private equity investment firm, for approximately $75 million, subject to certain post-closing adjustments.

“This is a significant strategic step forward for Talbots as it enables us to focus our time, resources and attention exclusively on rejuvenating our core Talbots brand and return to profitable growth,” said Trudy F. Sullivan, Talbots president and chief executive officer.

Two hundred and four of the existing 279 J. Jill brand store leases will be assigned to the buyer and will continue to operate.  The 75 remaining J. Jill brand store leases will be retained by Talbots and are currently expected to be closed by Talbots within the next sixty days.

The Shoppes at Chino Hills, which is about half an hour from Yorba Linda, opened in May 2008 and spans about 400,000 square feet.

More from OC Retail:

For more from OC Retail, see list of links on the right-hand side of this blog.

Share this post:
  • E-mail this story to a friend!
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • TwitThis

Brea Mall, South Coast Plaza stores’ owner seeks bankruptcy

July 1st, 2009, 8:19 am by Hang Nguyen, retail reporter

Bath and body manufacturer and retailer Crabtree & Evelyn in the U.S. filed Wednesday for Chapter 11 bankruptcy protection and said it plans to close certain unprofitable retail stores, according to a bankruptcy court document.

The chain operates 126 U.S. Crabtree & Evelyn stores in 34 states, including locations at Brea Mall and South Coast Plaza, according to its Web site. It’s unknown if the O.C. stores will close. The company could not be immediately reached for comment Wednesday morning.

“Over the last 18 months, the decline in the housing market and the tightening of the credit markets have led to a decline in consumer discretionary spending,” according to a bankruptcy court document. ”It is well known that (Crabtree & Evelyn) is not the only retailer and manufacturer to struggle in the current economic climate, the most difficult downturn experienced in the United States in decades.”

Here’s an excerpt from the company press release:

Day-to-day operations and business will continue to operate through the company’s wholesale, e-commerce (www.crabtree-evelyn.com) and retail channels. The company also intends to honor customer gift cards, returns and its loyalty program.

“The Crabtree & Evelyn brand remains strong,” said Stephen Bestwick, acting president of Crabtree & Evelyn, Ltd. “We are confident that Chapter 11 gives us the opportunity to restructure the company with a business model that will be sustainable for long-term growth.”

Founded as a purveyor of fine soaps from around the world, products were first sold under the Crabtree & Evelyn name starting around 1972. Crabtree & Evelyn has since expanded its product offerings to include personal care products and related accessories, fragrances, cookies, teas, jams and products for the home and gift arrangements, according to a bankruptcy court document.

Crabtree & Evelyn manufactures and distributes more than 25 product lines, including LaSource, Gardeners, India Hicks Island Living and Naturals. Its products have been mentioned in Vogue, Glamour and Lucky magazines , according to a bankruptcy court document.

More from OC Retail:

For more from OC Retail, see list of links on the right-hand side of this blog.

Share this post:
  • E-mail this story to a friend!
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • TwitThis
ADVERTISEMENT