Teen retailer Delia’s to liquidate operations

New York — Teen retailer Delia’s Inc. plans to liquidate operations as it prepares to file Chapter 11 bankruptcy protection "in the very near term." The struggling retailer has been hurt by sluggish mall traffic, evolving fashion trends and weak online sales. It said it has unable to find a merger partner, or get an acquisition or financing proposal that would allow it to remain a viable concern.



Delia’s has entered into an agency agreement with Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC, to, among other things, liquidate all iyd dispose of certain furnishings, trade fixtures, equipment and improvements to real property with respect to the company’s stores.



The company anticipates that it will file for Chapter 11 bankruptcy “ in the very near term” and will seek the court’s approval to close all existing stores and distribution centers and to conduct store closing and going out of business sales, with the sales starting as early as December 5, 2014.



Bebe said it has engaged a leading computer security firm and worked with them to block the attack from continuing. The retailer will credit monitoring services for one year at no cost to customers who made a purchase using a payment card at a U.S., Puerto Rico or U.S. Virgin Islands store during the breach time frame.



According to the security blog Krebs on Security, numbers for cards that had been used at Bebe stores in the U.S. between Nov. 18-28 were being offered for sale on an underground website called Goodshop in a “Happy Winter Update” on Dec. 1. Card prices ranged from $10 -$27.