Body Central going out of business, to close all remaining stores

New York -- Embattled apparel retailer Body Central has gone out of business and closed its entire remaining store base, effective Sunday evening, according to attorney for the company Gardner Davis.



Based in Jacksonville, Florida, the 265-store Body Central Corp. had said earlier this week that it was "experiencing significant liquidity challenges" and was working with advisers to evaluate its options. With the closure announcement, about 2,500 employees lost their jobs.



Davis said the company had sought to reorganize its business, but "simply couldn't raise the capital."