In November 2017, Fashion to Figure, a U.S. retail chain focusing on plus-size clothing and accessories, filed for bankruptcy. The parent company is planning to close at least 10 of its locations. What does this mean for customers? What is the future for this 26-store chain? Below, we will discuss the future of this company and its products. But first, let’s take a closer look at why Fashion to Figure closed.
Gabrielle Union x Fashion to Figure Collection
The Gabrielle Union x FTF Collection is a plus size line of clothing modeled by the actress. The designer collaborated with the brand to create the capsule collection in hopes of creating more diversity within the fashion industry. The collection features holiday styles and is designed to flatter a wide range of body types. The line will initially offer plus sizes 12 to 24. The brand plans to expand its range of plus sizes in the future.
The first Gabrielle Union x FTF Collection was released in the fall of 2017 and included separates, dresses and a variety of outerwear. The collection is made of unique fabrics and features standout patterns and silhouettes. The pieces will retail for $70 to $200. The designs are not plus-size and are designed for the modern woman with modest body measurements. The Gabrielle Union x FTF Collection features several celebrities who appear in the collection.
Planned closures of at least 10 locations after holiday season
Several major retailers have announced store closings in recent months, with a total of about 100 stores in the U.S. closing this year. The G-III Apparel Group, which owns DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and the Camuto Group, is among them. The company is also closing down more than a dozen locations in Canada and the U.S., including some of its off-price stores. And Christopher & Banks has announced plans to close up to 40 stores worldwide by 2020. The retailer has a largely negative balance sheet, losing $8.8 million in one quarter while increasing online sales by 10.7%.
Future plans for 26-store chain
A leading retailer of plus-size clothing announced today that it will close 10 of its stores after the holiday season. The company has stores located on the East and West coasts and began adding locations as mall traffic waned. Michael Kaplan adapted his great-grandmother’s concept to the modern world, but still managed to build the chain the traditional way. He has several ambitious goals for the company.