Club Clothes Retailer Going Out of Business in California Due to Lack Of Business Development

Club Clothes Retailer Going Out of Business in California Due to Lack Of Business Development

For many clothing retail stores, the growth can be unpredictable. Business development is always changing particularly with the growth of new technologies that emerge making it more difficult for retail business to sell products in stores rather than online. This has been the case for retail chain store Metropark, which has once a very popular and booming store.

Metropark was not so long ago a high-flying retailer selling men's and women's high-end club clothes, including designer denim lines. The chain, which targets the 25 to 35 year old demographic, has cited the recession, unemployment, decline in credit-card availability and the glut of premium denim at reduced prices as factors that have forced it into Chapter 11 bankruptcy protection.

The chain, which was founded in 2004, has begun the process of closing all 69 of its stores in 21 states, including locations at the Westfield MainPlace in Santa Ana, Brea mall and Irvine Spectrum Center, which was its first Orange County store opened in September 2005. Many items will be discounted up to 20% in an attempt to get ride of merchandise prior to store closings. Some of the premium denim brands sold at the store, such as Rock & Republic, have also filed for Chapter 11 bankruptcy.

Photo source Fotos Gov/Ba


This entry was posted on Friday, January 20th, 2012 at 5:38 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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