Casual Corner to Close All 525 Stores
Enfield, Conn., Casual Corner Group will close or sell all 525 of its stores in 42 states and Puerto Rico. The Casual Corner, Casual Corner Annex and Petite Sophisticate stores will begin closing sales on Friday, the company said in a news release. "However, we continue to examine the long-term strategic options for the Casual Corner Group stores, including the search for investors interested in continuing the Casual Corner/Petite Sophisticate brands and operations," said Malcolm Sherman, the company's chief executive officer. The company was founded in 1950 in West Hartford, Conn.