Lucky Brand, which has about 200 stores in North America and sells its products in department stores, filed for Chapter 11 on Friday.
The coronavirus pandemic has led another retailer to file for bankruptcy.
Lucky Brand Dungarees LLC, which has about 200 Lucky Brand stores in North America and sells its products in department stores, announced it had filed for Chapter 11 bankruptcy protection Friday with plans to sell the equity-backed business to the SPARC Group, operator of Aéropostale and Nautica?
The company also plans to close at least 13 stores in bankruptcy, it said in a news release?
As many as 25,000 stores could shutter this year as businesses continue to feel the impacts of the pandemic, according to a recent report from Coresight Research
Other retailers, who haven't filed for bankruptcy, also plan to shutter locations, including Victoria's Secret, Nordstrom and Signet Jewelers, parent company of Kay, Zales and Jared
The following stores were listed in the bankruptcy filing as "initial closing stores."