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Anchor Blue closing 46 underperforming stores

20
Jun '09
Anchor Blue, a specialty retailer of casual apparel and accessories for the teenage and young adult markets with 177 stores across 12 states, is closing 46 underperforming stores as part of its overall restructuring plan. A massive store closing sale kicks off Friday, June 19th at all stores earmarked for closing and will last until all merchandise is sold.

"These strategic store closings will help us significantly improve operational performance as we proactively restructure our business to conform to today's market," said Thomas Sands, Chief Executive Officer at Anchor Blue Retail Group. "Anyone who lives near a closing store is encouraged to take advantage of the tremendous values we're offering on all merchandise during the sale."

Anchor Blue has lowered prices on its entire inventory in all 46 closing stores, with savings up to 40% off regular prices. Girls can find incredible savings on everything from tops; jackets and hoodies; shorts; jeans; pants and crops; dresses; accessories; backpacks and bags; fragrances; jewelry; sunglasses; intimates; hats; shoes; and belts. Guys can find great deals on screen tees, shirts and polos; jeans; shorts; accessories; backpacks; belts and buckles; and hats.

Beginning as Miller's Outpost in 1972, the company changed its name to Anchor Blue in the late 1990s to reflect the fact it marketed, distributed and sold its own line of jeans and other clothing and accessories in it stores. Anchor Blue has always been driven by the desire to succeed in the retail business while helping to build better communities. Even in today's challenging retail market, this guiding principle remains an integral part of the company.

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors, is running the store closing sale on Anchor Blue's behalf.

Anchor Blue


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