Factory 2-U

Factory 2-U Store #653 Rancho Cucamonga, California

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. Factory 2-U also operates stores under the name Fallas Paredes.[1]

The chain was formerly operated by Factory 2-U Stores, Inc. (NASDAQ: FTUS,[2] OTC Pink: FTUSQ},[3] which had its headquarters in San Diego, California, California. The company was known for selling excess apparel and closeout merchandise from brands such as Converse, Gap, Levi's, and Polo Sport.[4]

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. In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by National Stores.[5]

References

  1. ↑ Penni Crabtree (3 September 2004). "S.D. clothing chain shrinking". San Diego Union Tribune. Retrieved 24 December 2014.
  2. 1 2 "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. ↑ "Factory 2-U going out of business". Houston Business Journal. 3 September 2004. Retrieved 24 December 2014.
  5. ↑ Gill, Holly M. (6 September 2004). "Factory 2-U to close". Portland Tribune. Retrieved 24 December 2014.

External links

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