Factory 2-U Stores
Factory 2-U
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. The chain was formerly operated by Factory 2-U Stores, Inc. (NASDAQ: FTUS, Pink Sheets: FTUSQ), which had its headquarters in San Diego, California. The company was known for selling excess apparel and closeout merchandise from brands such as Converse, Gap, Levi's, and Polo Sport.
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. When Factory 2-U Stores filed for bankruptcy protection in February 2004, it arranged the sale of 172 stores to National Stores. In August of that year, Factory 2-U stores announced that it was liquidating and that it would receive $28 million from selling about all of its assets to Factory 2-U Liquidation LLC, a consortium headed by National Stores.
Description above from the Wikipedia article Factory 2-U Stores, licensed under CC-BY-SA full list of contributors here. Community Pages are not affiliated with, or endorsed by, anyone associated with the topic.
NOBODY wins, unless EVERYBODY wins.
