ADVERTISEMENT

ADVERTISEMENT

Clothing retailer Vanity to close its stores

FARGO -- A women's clothing retailer with locations in the Northland will soon close all of its stores across the country after filing for bankruptcy protection.Vanity Shop of Grand Forks Inc., which is headquartered in Fargo and operates its sto...

We are part of The Trust Project.

FARGO - A women’s clothing retailer with locations in the Northland will soon close all of its stores across the country after filing for bankruptcy protection.
Vanity Shop of Grand Forks Inc., which is headquartered in Fargo and operates its stores under the name Vanity, is seeking Chapter 11 protection, according to a voluntary petition for relief filed Wednesday in the District of North Dakota U.S. Bankruptcy Court.
All Vanity stores - about 140 in total - will be closed, which will affect 1,200 to 1,400 employees nationally, said CEO and President Mickey Quinn. She said stores will remain open to sell off remaining inventory, with most stores expected to close by late March.
There are Vanity stores at Miller Hill Mall in Duluth, and in Grand Rapids, according to the company website.
Chapter 11 allows businesses and consumers to reorganize through a court-approved plan. The move gives a company relief from the threat of creditors’ lawsuits as it reorganizes, but the plan must be accepted by a majority of creditors.
Board Chairman Jim Bennett said it’s a decision the privately held company came to in February.
“It’s been a very difficult retail sector in the last three to four years and it just isn’t sustainable for us,” he said.
Quinn said customer surveys conducted by the National Retail Federation have shown the increasing hardships of retail stores operating in malls. While shoppers used to visit a mall multiple times each month, going into seven to 10 stores during each trip, they now only go maybe once a month to three to five stores.
“The whole industry change is across the whole U.S., and it’s impacting all retailers,” she said.
Vanity is owned by the Bottrell family in the Fargo area and Montana, according to Bennett, who said it’s a “very tough time” for the family.
“It’s not something that we wanted to do, but financially, we really don’t have a choice.”
Vanity got its start when the name was purchased from a dress shop in Dickinson, N.D., in 1957. The business was incorporated in 1966, and it established its headquarters in Fargo in 1974.

Related Topics: RETAIL
Ryan Johnson is the Features Editor for The Forum of Fargo-Moorhead. Since joining The Forum's staff in 2012, he has also reported on several beats, including higher education, business and features. Readers can reach him at 218-791-9610 or rmjohnson@forumcomm.com
What to read next
Former Duluth and Wichita police chief Gordon Ramsay is asking that Wichita change its policy to make citizen complaints against city employees public, as well as the findings of related investigations and any discipline handed down.
The Fargo-based company will make its first expansion into the Sioux Falls television market, which covers roughly half of South Dakota and parts of Minnesota, Iowa and Nebraska.