Thu. Nov 14th, 2019

Plus-size retailer Avenue to close all stores

1 min read

Plus-size women’s retailer Avenue said Thursday that it will close all of its retail locations after filing for chapter 11 bankruptcy on August 16. Store closing sales, with markdowns of 40% to 60%, have begun. Discounts do not apply to the company’s e-commerce site. Avenue began as Sizes Unlimited in 1983 and carries items sized 14 to 32. The SPDR S&P Retail ETF

XRT, +0.96%

has sunk nearly 24% over the past year while the S&P 500 index

SPX, -0.31%

has gained almost 2% for the period.

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