Gordon Brothers Group to Close Dots Stores
After over 25 years in business, Dots, an Ohio-based women’s fashion discount retailer, is closing its doors. The company filed for Chapter 11 protection on January 20, 2014. On February 27, 2014, Gordon Brothers Group was awarded the store closing process for all locations by the bankruptcy court. Dots currently operates approximately 360 retail locations across the U.S. Store closing sales will begin March 1, 2014, and involve significant discounts on all merchandise, as well as store furniture, fixtures and equipment in order to wind down company operations.
Dots, known for its affordable women’s fashion, struggled against competition from online retailers and other brick-and-mortar discount retailers with greater resources and wider brand recognition. The retail chain experienced trouble throughout the economic downturn with a significant decline in store traffic. Dots’ financial difficulties were exacerbated by a number of largely unsuccessful changes in product pricing and marketing, as well as a burdensome lease portfolio.
“Our employees continue to do a tremendous job maintaining high-quality standards, and they are dedicated to fully serving our customers during this transition. We appreciate the continued support of our valued customers over the years and hope they take advantage of the significant savings during these sales events,” said David Minnix, president of Dots.
“This discount retailer is already known for its affordable pricing, and we encourage customers to visit their local stores to find even greater discounts while the selection lasts,” said Rick Edwards, co-president of Gordon Brothers Group’s Retail Division.
Gordon Brothers Group’s Retail Division will oversee the going-out-of-business sales on behalf of Dots in all locations. Store locations will remain open until all merchandise has been sold. All inventory will be on sale and discounts will begin at 20%.
Founded in 1987 in Glenwillow, OH, by Bob Glick, Dots is a discount retail chain that sells women’s fashion and accessories.