True Religion To Close 27 Stores And Files For Bankruptcy


The 15-year-old premium jean company True Religion may be in some financial trouble. To no surprise because much larger retailers have run into the same problems.

The company has filed for chapter 11 bankruptcy for protection from their creditor. They also have the intentions to close 27 of their 140 retail stores. E-commerce is king right now and it is killing the physical retail stores. It doesn’t sound like True Religion plans to shut its doors forever, but they are downsizing to attempt to readjust some things.

True Religion doesn’t seem as popular as it once did. Hip-hop played a big role into the popularity of the True Religion brand. Hip- hop is so fickle I guess consumers are considering the True Religion brand as not being “in style” right now.

Struggling retailers True Religion.jpg_7058735_ver1.0_640_360.jpg

Here is a list of the store that could be closing if they are not already.

California

Corte Madera: The Village at Corte Madera
Malibu: 3838 Cross Creek Road
Walnut Creek: Broadway Plaza
Newport Beach: Fashion Island Shopping Center

Colorado
Lone Tree: Park Meadows

Florida
Miami Beach: 644 Collins Avenue
Palm Beach Gardens: The Gardens
Boca Raton: Town Center at Boca Raton

Illinois
Chicago: The Shops at North Bridge

Maryland
Bethesda: Montgomery Mall

Massachusetts
Boston: 119 Newbury Street

Nevada
Las Vegas: Downtown Summerlin

New Jersey
Paramus: Garden State Plaza

New York
New York City: 1122 Third Avenue, 513-515 Broadway, 863 Broadway, The Shops at Columbus Circle, 863 Broadway
White Plains: The Westchester

Ohio
Cincinnati: Kenwood Towne Centre

Pennsylvania
Philadelphia: 1604 Walnut Street

Texas
Dallas: Northpark Center
San Antonio: The Shops at La Cantera
Southlake: Southlake Town Square

Virginia
Richmond: Short Pump Town Center
McLean: Tysons Corner Center

Washington
Bellevue: Bellevue Square

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Categories: Money, News

1 reply »

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