Factory 2-U

Factory 2-U is a chain of stores operated by National Stores. The brand under National Stores sells off-brand apparel under the Factory 2-U name.[1] The chain was formerly operated by Factory 2-U Stores, Inc. (NASDAQ: FTUS[2], Pink Sheets: FTUSQ[3]), which had its headquarters in San Diego, California.[4][5] The company was known for selling excess apparel and closeout merchandise from brands such as Converse, Gap, Levi's, and Polo Sport.[1]

In 2003 the company Factory 2-U Stores operated locations in Alabama, Arizona, Arkansas, California, Louisiana, Mississippi, Missouri, Nevada, New Mexico, Oklahoma, Oregon, Tennessee, Texas, and Washington.[2] When Factory 2-U Stores filed for bankruptcy protection in February 2004, it arranged the sale of 172 stores to National Stores.[4] In August of that year, Factory 2-U stores announced that it was liquidating and that it would receive $28 million from selling about all of its assets to Factory 2-U Liquidation LLC, a consortium headed by National Stores.[6]

References

  1. ^ a b Crabtree, Penni. "S.D. clothing chain shrinking | New owner tells plan to resurrect bankrupt Factory 2-U." The San Diego Union-Tribune. September 3, 2004. Business C1. Retrieved on February 25, 2010.
  2. ^ a b "About Us." Factory 2-U. February 3, 2003. Retrieved on February 25, 2010.
  3. ^ "Factory 2-U going out of business." Austin Business Journal. Friday September 3, 2004. Retrieved on February 25, 2010.
  4. ^ a b "Factory 2-U selling its stores: Factory 2-U Stores, Inc., the San Diego-based retailer of discounted apparel that filed for bankruptcy protection in February, arranged the sale of its 172 stores to a retailing group that includes National Stores Inc., a Gardena-based firm that operates Fallas Paredes stores." San Diego Business Journal. August 23, 2004. Retrieved on February 25, 2010.
  5. ^ "Contact Us." Factory 2-U. April 7, 2000. Retrieved on February 25, 2010. "Corporate Offices 4000 Ruffin Road San Diego, California 92123-1866"
  6. ^ Edwards, Larry M. "Factory 2-U Selling 'Substantially All' Assets." SanDiego.com. Monday August 16, 2004. Retrieved on February 25, 2010.

External links

San Diego portal
Companies portal