Retailer Lucky Brand Files for Chapter 11 Bankruptcy as a Result of the COVID-19 Pandemic

The COVID-19 pandemic has pushed yet another well-known company into filing for bankruptcy—Lucky Brand Dungarees LLC, according to USA Today. The company, which currently has about 200 Lucky Brand stores in North America as well as merchandise in various department stores, announced that it has filed for Chapter 11 bankruptcy protection and has plans to “sell the equity-backed business to the SPARC Group,” which operates Aéropostale and Nautica. The company also announced that it will be closing at least 13 of its stores as a result of the filing.

Here is a list of the Lucky Brand stores that are scheduled to close:

Little Rock, Arkansas, located at 11201 Bass Pro Parkway
Arvin, California, located at 5701 Outlets at Tejon Ranch Parkway
Long Beach, California, located at 5267 2nd Street
Thousand Oaks, California, located at 350 W. Hillcrest Drive
West Hartford, Connecticut, located at 1500 New Britain Avenue
Dania Beach, Florida, located at 1763 Pointe Blvd.
Orlando, Florida, located at 4200 Conroy Road
Sarasota, Florida, located at 140 University Town Center Drive
Chicago, Illinois, located at 520 N Michigan Avenue
Troy, Michigan, located at 2800 Big Beaver
Ridgeland, Mississippi, located at 1000 Highland Colony Parkway
Las Vegas, Nevada, located at 1955 Festival Plaza Drive
San Juan, Puerto Rico, located at 1000 The Mall of San Juan Blvd.

Interim CEO and executive chairman of the company, Matthew A. Kaness, issued this statement in regard to the recent filing, “The COVID-19 pandemic has severely impacted sales across all channels. While we are optimistic about the reopening of stores and our customers’ return, the business has yet to recover fully.” USA Today cited that the company behind the brand, Leonard Green & Partners LP, currently owes $182 million to lenders and $79 million to vendors.”

Lucky Brand isn’t the only retailer to file for bankruptcy amid the COVID-19 pandemic. In fact, JCPenney, Neiman Marcus, Tuesday Morning, GNC, and J. Crew are some of the other companies that have recently filed for Chapter 11 bankruptcy. USA Today says that other retailers like Victoria’s Secret and Nordstrom that haven’t filed for bankruptcy have plans to shutter some of their locations.

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Tulsa, OK 74119

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