There are eight Justice locations remaining in New Jersey, all of which will close. Those stores are located in Bridgewater, Cherry Hill, Deptford, Edison, Elizabeth, Freehold, Paramus and Wayne.
The news comes just a few months after 21 New Jersey stores closed.
Exact closing dates have not yet been announced. The company said stores and online operations will remain open through the holiday season.
Select stores already have begun liquidation sales, including the Bridgewater, Elizabeth and Deptford locations, with items up to 90% off, according to Justice’s website.
Justice Brand Holdings, an entity formed by brand management company Bluestar Alliance, will acquire the Justice brand’s intellectual property, as well as certain assets and liabilities, for about $90 million, the statement said. The transaction is expected to close before November ends.
“The conclusion of the sale process for our Justice brand is a significant step forward in our efforts to complete our restructuring process and maximize value for all our stakeholders,” Gary Muto, CEO of Ascena, said in the statement. “The optimization of our portfolio better positions Ascena for long-term success and supports our vision for the future.”
Back in August, Ascena Retail Group Inc. also announced it would shutter 10 Lane Bryant locations, seven Catherines spots, and one Ann Taylor factory store in New Jersey. In total, about 1,100 stores closures are planned, including its LOFT, Lou & Grey, and Cacique locations.
It has been a rough few months for the brick-and-mortar retail industry, which already had been struggling even before the coronavirus pandemic.
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