Business

The Limited to close all 250 clothing stores, will sell online only

The Associated Press

The Limited says it will close all its brick-and-mortar stores at the end of this weekend.
The Limited says it will close all its brick-and-mortar stores at the end of this weekend. ASSOCIATED PRESS

More grim news for malls came Friday as apparel retailer The Limited said it will close all its brick-and-mortar stores at the end of this weekend.

The company says it will continue to operate — but only online — after the Jan. 8 closures. A spokesman said the New Albany, Ohio-based chain operated about 250 retail stores in 2016 and that about 4,000 jobs, including seasonal and temporary ones, would be lost.

In Tarrant County, The Limited has stores at North East Mall in Hurst and Grapevine Mills. Other North Texas locations are at Vista Ridge Mall in Lewisville, NorthPark Center in Dallas, Stonebriar Centre Mall in Frisco and Allen Premium Outlets.

The announcement came just two days after Macy’s said it would move forward with plans to close 68 stores and cut more than 10,000 jobs. Sears also announced Thursday that it would close another 150 stores as clothing retailers continue to struggle to compete as consumers increasingly buy online.

Limited Stores, founded in 1963 in Columbus, Ohio, says it has already ceased operations at several stores and would be offering “highly discounted prices” on merchandise until all its doors close for good Sunday.

Private equity firm Sun Capital Partners purchased The Limited outright in 2010 after owning a majority stake in the retailer since 2007.

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