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Body Central closes all stores, fires all employees
Apparently closing all of your stores and firing all of your employees is among the actions a retailer can take when it is “exploring strategic alternatives.”
Body Central Inc., which announced early this month that it was $18 million in debt and exploring strategic alternatives, has shuttered all 265 of its stores and fired 2,500 employees.
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Lew Frankfort joins Sycamore Partners as executive in residence
New York -- Former Coach Inc. chief Lew Frankfort has joined Sycamore Partners as an Executive in Residence, which will allow the private equity firm to tap into Frankfort’s retail knowledge, managerial expertise and network of industry relationships. Sycamore’s portfolio of retail investments includes Aeropostale, Coldwater Creek, Hot Topic, Jones New York, Nine West Holdings, Stuart Weitzman and Talbots.
