Carlsbad apparel company No Fear Retail Stores Inc., which soared to popularity in the 1990s with catchy slogans such as ?Losing is not an option,? has filed for bankruptcy protection.
No Fear -- which has 41 stores in California, Arizona, Nevada and four other states -- said in a news release that it had been hammered by the ?state of the economy and the difficult operating environment within our industry.?
In the months leading up to Thursday?s bankruptcy filing in San Diego, the company had been sued by numerous shopping malls for falling months behind in rent for its retail stores.
The bankruptcy filing will allow the company to reorganize its finances while it continues to remain in operation, said Mark Simo, the company?s chief executive.
No Fear is a retailer of action sports and casual lifestyle apparel, targeting teenagers and young adults. Its stores sell No Fear-branded clothing as well as Spy Optic and other brands.
-- Stuart Pfeifer
Full story at http://feeds.latimes.com/~r/MoneyCompany/~3/utPNA9b4Ur0/no-fear-retail-stores-declare-bankruptcy.html
Posts
No comments:
Post a Comment