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Fashion Bug inventory being liquidated in preparation for obsolescence
Bensalem, Pa. -- SB Capital Group, Tiger Capital Group and Great American Group jointly announced Tuesday that, in tandem, they will begin to sell off all of the inventory in the 568 Fashion Bug stores in the United States.
The Charming Shoppes unit will be divested and fully closed.
As part of the process, Fashion Bug has retained more than 5,900 store and district personnel to assist in operating the stores through the completion of the sale process.
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Nordstrom opens Rack store in Back Bay area
Boston -- CBRE/Grossman Retail Advisors said that Nordstrom will open a new Nordstrom Rack at The Newbry in Boston’s Back Bay neighborhood, further expanding its presence in the Boston market to four full-line stores and four Nordstrom Racks.
The approximately 38,000-sq.-ft., two-level store is scheduled to open spring 2013.