Simply Fashions: Difference between revisions
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'''Simply Fashions''' | '''Simply Fashions''' was a discount women's clothing retailer based in [[Birmingham]]. The company sold most items for under $15 and targeted African-American customers. It operated about 285 stores in 22 states, and was also the parent of '''Fashion Trend''' chain. The company's offices were located at 2500 [[Crestwood Boulevard]]. | ||
Founded as '''Simply $6''' in [[1987]] under the [[Bargain Town USA]] division of Montgomery's Enstar, Inc, the chain was purchased out of bankruptcy by the sons of Bargain Town USA founder [[Mervyn Barstein]], [[Mark Barstein|Mark]] and [[Rodney Barstein|Rodney]] in [[1991]]. Mark | Founded as '''Simply $6''' in [[1987]] under the [[Bargain Town USA]] division of Montgomery's Enstar, Inc, the chain was purchased out of bankruptcy by the sons of Bargain Town USA founder [[Mervyn Barstein]], [[Mark Barstein|Mark]] and [[Rodney Barstein|Rodney]] in [[1991]]. Mark handled the merchandising while Rodney managed operations. | ||
In [[2008]] the company was named as the defendent in a federal lawsuit alleging violations of the Fair Labor Standards Act. | In [[2008]] the company was named as the defendent in a federal lawsuit alleging violations of the Fair Labor Standards Act. Adinath Corp. was added as a general partner and [[Swapnil Shah]] became CEO. | ||
Revenues for the chain peaked at around $114 million per year between [[2006]] and [[2011]]. The company began closing underperforming locations, but also acquired another retail chain, "Dots," out of its bankruptcy, adding about 60 former Dots locations. Nevertheless, revenues dropped to $65 million in [[2014]], an average net loss of $38,449 for each of the chain's remaining 250 locations. | |||
In [[2015]] Simply Fashions filed for Chapter 11 bankruptcy protection and made plans to liquidate, with stores set to close in June. | |||
==References== | ==References== | ||
* Hubbard, Russell (April 23, 2008) "Managers for Birmingham-based Simply Fashion not paid for extra time worked, federal lawsuit says." | * Hubbard, Russell (April 23, 2008) "Managers for Birmingham-based Simply Fashion not paid for extra time worked, federal lawsuit says." {{BN}} | ||
* Williams, Roy L. (March 29, 2009) "`This tough economy." | * Williams, Roy L. (March 29, 2009) "`This tough economy." {{BN}} | ||
* West, Ty (April 16, 2015) "Simply Fashion files Chapter 11 bankruptcy." {{BBJ}} | |||
==External link== | ==External link== | ||
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[[Category:Retail chains]] | [[Category:Retail chains]] | ||
[[Category:Crestwood Boulevard]] | [[Category:Crestwood Boulevard]] | ||
[[Category:1991 establishments]] | |||
[[Category:2015 disestablishments]] | |||
Latest revision as of 18:20, 17 April 2015
Simply Fashions was a discount women's clothing retailer based in Birmingham. The company sold most items for under $15 and targeted African-American customers. It operated about 285 stores in 22 states, and was also the parent of Fashion Trend chain. The company's offices were located at 2500 Crestwood Boulevard.
Founded as Simply $6 in 1987 under the Bargain Town USA division of Montgomery's Enstar, Inc, the chain was purchased out of bankruptcy by the sons of Bargain Town USA founder Mervyn Barstein, Mark and Rodney in 1991. Mark handled the merchandising while Rodney managed operations.
In 2008 the company was named as the defendent in a federal lawsuit alleging violations of the Fair Labor Standards Act. Adinath Corp. was added as a general partner and Swapnil Shah became CEO.
Revenues for the chain peaked at around $114 million per year between 2006 and 2011. The company began closing underperforming locations, but also acquired another retail chain, "Dots," out of its bankruptcy, adding about 60 former Dots locations. Nevertheless, revenues dropped to $65 million in 2014, an average net loss of $38,449 for each of the chain's remaining 250 locations.
In 2015 Simply Fashions filed for Chapter 11 bankruptcy protection and made plans to liquidate, with stores set to close in June.
References
- Hubbard, Russell (April 23, 2008) "Managers for Birmingham-based Simply Fashion not paid for extra time worked, federal lawsuit says." The Birmingham News
- Williams, Roy L. (March 29, 2009) "`This tough economy." The Birmingham News
- West, Ty (April 16, 2015) "Simply Fashion files Chapter 11 bankruptcy." Birmingham Business Journal
External link
- Simply Fashions website