Bankruptcy
Anchor Blue went through Chapter 11 bankruptcy in June 2009. During this process they closed over 50 stores, including all their stores in Florida and Georgia. They also sold their sister brand, Levi/Dockers Outlet by Most to Levi's Inc. In August 2010, the company opened its online site for customers to make purchases, after a more than 3-year delay due to poor sales performance.
As of January 5, 2011, Anchor Blue ceased corporate operations.
Since then, Anchor Blue have advertised their "Going Out of Business" sales. They've tried to sell their products, including store fixtures with discounts up to 70%. On February 17, 2011, Anchor Blue officially closed all stores due to economic struggles.
Read more about this topic: Anchor Blue Clothing Company
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