Earlier this week, denim designer and retailer True Religion filed for bankruptcy. They now plan to close at least 27 stores in the hopes of reducing about $500 million in debt.
True Religion says their financial difficulties are the result of people moving away from denim and instead wearing “athleisure” clothing—basically, wearing yoga pants even when you’re not doing yoga. On top of that, the jeans company is just one more store in a growing list of retailers—including JCPenney and Macy’s—that’s closing up shop as people embrace online shopping. The lure of ultra-convenient shopping is just too strong to resist!
True Religion was established in 2002 and is referred to as a “premium denim.” Aside from their own retail stores, the jeans are also sold in department stores like Nordstrom and Bloomingdales. The company previously closed 20 stores in 2016, and cut 25 percent of its corporate workforce.
Here is the list of stores slated to close, according to USA TODAY:
California
Corte Madera: The Village at Corte Madera
Malibu: 3838 Cross Creek Road
Walnut Creek: Broadway Plaza
Newport Beach: Fashion Island Shopping Center
Colorado
Lone Tree: Park Meadows
Florida
Miami Beach: 644 Collins Avenue
Palm Beach Gardens: The Gardens
Boca Raton: Town Center at Boca Raton
Illinois
Chicago: The Shops at North Bridge
Maryland
Bethesda: Montgomery Mall
Massachusetts
Boston: 119 Newbury Street
Nevada
Las Vegas: Downtown Summerlin
New Jersey
Paramus: Garden State Plaza
New York
New York City: 1122 Third Avenue, 513-515 Broadway, 863 Broadway, The Shops at Columbus Circle, 863 Broadway
White Plains: The Westchester
Ohio
Cincinnati: Kenwood Towne Centre
Pennsylvania
Philadelphia: 1604 Walnut Street
Texas
Dallas: Northpark Center
San Antonio: The Shops at La Cantera
Southlake: Southlake Town Square
Virginia
Richmond: Short Pump Town Center
McLean: Tysons Corner Center
Washington state
Bellevue: Bellevue Square
Does the thought of losing access to your favorite jeans make you nervous? Are are you one of the many converts to the ultra-comfy athleisure-wear?
Kaitlin is a freelance multimedia journalist with a degree in journalism and psychology. Along with Don't Waste Your Money, she also writes for Simplemost, where she covers new product and food launches and overall general news. You can email her at kaitlingateswrites@gmail.com or find her on Facebook at Facebook.com/KaitlinGatesWrites. More.
