We don’t have a crystal ball — but at a cursory glance it seems that The Limited, the clothing chain previously owned by L Brands, is going the way of a very fashionably dressed buffalo.
With reports coming out from across the country that various local Limited Stores have closed shop, it seems the writing’s on the wall — but it likely already was when their CEO quit for the 2nd time.
As any business caught in the throes of disaster, they’re refusing to comment on the closure of stores but no such comment needs to happen. Everything on their website is 50% off. Everything — and while for other, not-going-out-business businesses, this would be a helluva deal — except all sales are final which means they don’t have the capacity to even accept returns.
The Limited has more than 235 stores across the country according to their site. With the remaining company leaders exploring the possibility of a total sale, the likelihood of The Limited lasting through 2017 is unlikely.
The Limited is still set to lay off more than 240 of their employees — reported earlier this monthing — according to a letter sent to the Ohio Department of Job and Family Services.
First opened in Upper Arlington in 1963 — by 1990 The Limited had nearly 800 stores across the country. In 2007, Florida-based Sun Capital Partner purchases the retail chain ahead of their 50th anniversary in 2013.