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.
Here is a list of the store that could be closing if they are not already.
Corte Madera: The Village at Corte Madera
Malibu: 3838 Cross Creek Road
Walnut Creek: Broadway Plaza
Newport Beach: Fashion Island Shopping Center
Lone Tree: Park Meadows
Miami Beach: 644 Collins Avenue
Palm Beach Gardens: The Gardens
Boca Raton: Town Center at Boca Raton
Chicago: The Shops at North Bridge
Bethesda: Montgomery Mall
Boston: 119 Newbury Street
Las Vegas: Downtown Summerlin
Paramus: Garden State Plaza
New York City: 1122 Third Avenue, 513-515 Broadway, 863 Broadway, The Shops at Columbus Circle, 863 Broadway
White Plains: The Westchester
Cincinnati: Kenwood Towne Centre
Philadelphia: 1604 Walnut Street
Dallas: Northpark Center
San Antonio: The Shops at La Cantera
Southlake: Southlake Town Square
Richmond: Short Pump Town Center
McLean: Tysons Corner Center
Bellevue: Bellevue Square