Items can no longer be purchased from Body Central outlet shops or from its online store, since it closed all of its shops in January 2015. Body Central Corporation, the company that runs the Body Central store chain underwent a state process called an "assignment for the benefit of creditors" after the company defaulted on an $18 million debt. The state process is similar to a declaration of federal bankruptcy, but is faster, less expensive and more flexible, according to Bloomberg.com.Continue Reading
Body Central was a brand of retail store chains specializing in on-trend apparel and accessories primarily geared towards teenage girls to women in their 20s. The company began operating in 1973 with the opening of its first outlet in Jacksonville, FL. It grew to more than 250 stores prior to the company's closure in January 2015.
In 2010, the company enjoyed an annual 20 percent growth in revenue each year and by 2013, it even had plans of further expanding the business. The sudden change in fortunes of the company surprised even the experts.
While the company made plans on reorganizing to a smaller chain, it was not enough to save itself. The state process resulted in the closure of all of Body Central's outlets and the laying off of its approximately 2,500 employees. Its website has also been taken down since, its Facebook page deleted and its Twitter account becoming dormant.Learn more about Clothing