Specialty apparel retailer to close some stores, restructure

Another apparel retailer is looking to downsize its store portfolio.



BCBG Max Azria Group plans to close some stores as it turns its focus to licensing, e-commerce and selling through other retailers, Bloomberg reported.



The upscale, fashion-forward retailer, which is facing a cash crunch, has hired AlixPartners LP to help restructure its debt load, the report said. But it does not see filing for bankruptcy as an immediate option.



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