Justice Opens Up Shop Again
It continues to operate its Ann Taylor, LOFT, Lane Bryant and Lou & Grey brands through its retail stores and online. Justice Brand Holdings, an entity created by brand management company Blue Star Alliance, has agreed to acquire the intellectual property of Justice and other assets and liabilities for $90 million. Tween girl clothing shop Justice will close all of its locations by early 2021, Ascena Retail announced in a release.
In July, the retailer said it was closing 600 of its 826 stores, and subsequently said it would close more stores. Formerly known as Limited Too, Justice — which became a subsidiary of Ascena in 2009 — offers fashion, footwear and accessories for girls aged 6 through 12. Its physical units were located across the United States and Canada, as well as in Asia, Mexico and the Middle East. The last day to use gift cards is December 13, according to the Justice website.
Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide. All 13 locations of this eccentric store are closing by the end of the year. You know, the store that looks like all things pink, unicorns, puppies, and girlie exploded onto the shelves and racks of the stores. Discount retail chain store to replace a shuttered Walmart in N.J. There are eight Justice locations remaining in New Jersey, all of which will close.
The parties expect the deal to close before the end of November, according to a press release. 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. I’m on the Justice mailing list because I shopped there for many years with my daughter, until it closed last year due to lagging sales (the pandemic didn’t help). I know I’m not the only mom who was kind of at a loss where to buy her clothes after that.
Customers will find athleisure separates including fashion leggings starting at $8, tie dye sweatshirts and joggers starting at $13, and oversized hoodies starting at $18. The collection will also feature bedding sets, pillows, throws and bathroom accessories ranging from $20-$40. New styles will be added seasonally, including shoes and pet accessories debuting in September. Now to be clear, losing a tenant like Justice isn’t nearly as detrimental as losing department store tenants — a reality many malls are grappling with at present.