Earlier this week we shared the disappointing news that plus size retailer Ashley Stewart filed for Chapter 11 bankruptcy. As a result of the bankruptcy, the retailer would be closing approximately 27 locations.
While there’s nothing good about filing bankruptcy, Ashley Stewart’s financial setback may be the perfect set up for competitor Avenue. According to the New York Post, the New Jersey based plus size retailer is looking at locations owned by Ashley Stewart.
If this is true, Avenue will purchase Ashley Stewart’s real estate so they can expand the Avenue brand.
As news develops we’ll keep you in the loop.