Frederick’s of Hollywood Files for Bankruptcy

TWL_2015_apr_blog15Struggling with the same fate as several other national women’s retailers, Frederick’s of Hollywood has filed for Chapter 11 bankruptcy protection this week. According to court documents, the lingerie retailer has a $22.5 million offer from Authentic Brands Group, LLC that would allow it to continue operating strictly as an online store. At the height of its success, Frederick’s had 200 stores nationwide. In February, the company liquidated a third of those locations. Last week, all remaining stores were closed in preparation of the bankruptcy filing. Frederick’s attributes the drop in sales to increased competition and a decline in consumer shopping at malls.

To learn more, read the entire article.