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What is some information about the Dots clothing brand?

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Quick Answer

Dots was a retailer of women's fashion that aimed to appeal to the budget-conscious female demographic. The company was ultimately forced into bankruptcy in 2015 after hundreds of Dots locations experienced a large decline in sales.

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Full Answer

Dots was previously owned by the private equity firm Irving Place Capital. Irving Place Capital purchased the brand in 2011 from founder Bob Glick, who had established the company in 1987. The company opened and operated 400 store locations in 25 states and sold fashion and accessories ranging from active wear and intimate wear to business and formal attire. The Dots brand focused on marketing towards women aged 25 to 35 and offered an array of sizes from 0 to 24.

In January 2014, the company was forced to liquidate 359 stores due to decreasing sales. After filing for Chapter 11 bankruptcy, the firm sold its intellectual property to Swapnil Shah, CEO of fashion retailer Simply Fashion. The Dots brand was then renamed New Dots, LLC. This was done in the hope of establishing a new foundation for the failing company. The New Dots company opened 30 new locations. In April 2015, Simply Fashion and Dots filed for Chapter 11 bankruptcy. All 243 stores belonging to both brands held liquidation sales managed by the Gordon Brothers Group and Hilco Merchant Resources.

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