Wet Seal CFO Felderman Resigns Aug 11, 2005
Felderman joined Wet Seal last April from Factory 2-U Stores Inc., where he also served as chief financial officer. During his tenure, the company engaged a financial adviser, issued new debt, closed numerous stores and cut jobs as part of a larger effort to turn the company around and reverse a trend of sluggish sales. (Yahoo Finance -- Retail (Apparel))
Graphic Packaging Corporation Appoints New Board Member Jul 21, 2005
Most recently, he spent three years as Chairman and CEO at Factory 2 U Stores. In addition, he was President and CEO at Hudson's Bay Company, as well as Chairman and CEO at Blockbuster Entertainment Group. (Yahoo Finance -- Paper & Paper Products)
Garden Ridge CEO aims to stand out in home decor Jun 23, 2005
CEO: Mary McNabb, above, formerly executive vice president of merchandising and marketing at Factory 2-U Stores ... Before joining the Houston-based company last month, she was executive vice president of marketing at Factory 2-U Stores and has 30 years of experience in retail, most of it in apparel. (Houston Chronicle)
Garden Ridge names CEO May 18, 2005
McNabb recently served as executive vice president of merchandising and marketing at Factory 2-U Stores, an off-price retailer of brandname clothing and home products. McNabb also serves on the board of directors of Fred's Stores, the $1. (Houston Business Journal, TX)
More stories Feb 16, 2005
Michael Searles has become well-versed with troubled chains in more than two decades as a retailing executive, including stints at Factory 2-U Stores and Montgomery Ward. Published November 23, 2004. (Minneapolis-St. Paul Star Tribune -- Business)
Anna's Linens likes D-FW market Sep 16, 2004
The privately held discount linen retailer had been eyeing the Dallas-Fort Worth market for more than a year, when two former Factory 2-U Stores Inc. came on the market, one at 4241 W. Camp Wisdom Road and the second at White Rock Marketplace, both in Dallas. California-based Factory 2-U filed for bankruptcy protection in early 2004. (Dallas Business Journal, TX)
Factory 2-U buyer to close several stores Sep 8, 2004
5 million purchase of the assets of San Diego-based Factory 2-U Stores Inc. out of Chapter 11 bankruptcy. The purchasers, including The Alamo Group, Garcel Inc. and The Ozer Group LLC, plan to liquidate the inventory of the remaining 172 Factory 2-U stores and continue operating "a substantial number" of them, according to a press release Tuesday. (Puget Sound Business Journal, WA)
Factory 2-U in limbo Sep 8, 2004
San Diego-based Factory 2-U Stores Inc. filed for Chapter 11 bankruptcy protection on Jan. 13 and soon after closed 44 of its stores, including one in Grants Pass ... " What follows next will be up to National Stores president Michael Fallas, whose office didn t return phone calls on Tuesday. According to bankruptcy documents, National Stores agreed to hire at least 2,000 of Factory 2-U s 3,500 employees. Frank Morton, spokesman for The Ozer Group, which is managing the liquidation, indicated... (Mail Tribune, OR)
Factory 2-U going out of business Sep 4, 2004
Going-out-of-business sales have begun at all 172 locations of Factory 2-U Stores Inc., including the 15 stores in Texas. San Diego-based Factory 2-U, a retail chain that sells casual family apparel and household merchandise, announced in mid-August that the company had agreed to sell its assets to Factory 2-U Acquisition LLC. The $28. (Houston Business Journal, TX)
S.D. clothing chain shrinking Sep 3, 2004
The company's Otay Mesa distribution center and at least some of the nine Factory 2-U stores in San Diego County will be part of the new chain, Gabriel said. He declined to provide details about which stores will be jettisoned or how many employees will lose their jobs. (San Diego Union-Tribune -- Business)
Factory 2-U agrees to sell assets Aug 17, 2004
The sale includes nine Factory 2-U stores in San Diego County and the company's Otay Mesa distribution center. The buyer, which includes the Alamo Group, Great American Group and The Ozer Group, will acquire the rights to Factory 2-U's merchandise, store leases and other property. (Google News -- Business)
Washington Times Aug 17, 2004
Factory 2-U Stores to sell assets - (United Press International) ... Factory 2-U Stores to sell assets ... San Diego, CA, Aug. 16 (UPI) -- Factory 2-U Stores of San Diego Monday agreed to sell all of its assets to Factory 2-U Acquisition LLC.. (Google News -- Business)
Firms combine to purchase Factory 2-U assets Aug 17, 2004
San Diego-based Factory 2-U Stores Inc., which in January filed for protection under Chapter 11 of the U.S. Bankruptcy Code, Monday announced an agreement to sell nearly all of its assets ... Factory 2-U Stores operates 172 off-price retail stores in seven states, including 25 stores in Arizona. (Google News -- Business)
Austin Business Journal Aug 17, 2004
San Diego-based Factory 2-U Stores Inc., which in January filed for Chapter 11 bankruptcy protection, on Monday announced an agreement to sell nearly all its assets ... Factory 2-U Stores operates 172 off-price retail stores in seven states. (Google News -- Business)
Home Textiles Today Aug 17, 2004
SAN DIEGO Factory 2-U Stores Inc. said today that it will sell all of its assets to Factory 2-U Acquisition, LLC, a company formed by an affiliate of National Stores, Inc., The Alamo Group, Garcel, Inc. d/b/a/ The Great American Group and The Ozer Group LLC.. The purchasing group will acquire inventory and lease obligations for the company's stores and distribution center for approximately $28 million. (Google News -- Business)
Factory 2-U Selling 'Substantially All' Assets Aug 17, 2004
SAN DIEGO -- The struggling discount retailer Factory 2-U Stores Inc., which filed for Chapter 11 bankruptcy protection in January, is now liquidating. The company expects to get at least $28 million by selling "substantially all" of its assets to Factory 2-U Acquisition LLC, a consortium of firms headed by an affiliate of Gardena-based National Stores Inc. The assets include inventory and lease obligations for the company's stores and distribution center. (Google News -- Business)
Factory 2-U's closures include Vista, Temecula Jun 5, 2004
Bankrupt Factory 2-U Stores said yesterday it will close 23 money-losing outlets including stores in Vista and Temecula. After the closures, the struggling San Diego discount retailer will have 172 stores remaining in seven Western states. (San Diego Union-Tribune -- Business)
Factory 2-U to close Killeen store Jun 5, 2004
Factory 2-U Stores Inc. (Pink Sheets: FTUSQ) plans to close another 23 poorly performing stores, including its location in Killeen. Elsewhere in Texas, store closings are set for Dallas, Houston, San Antonio and Eagle Pass, according to a company announcement. (Austin Business Journal, TX)
Exclusivity Period for Factory 2-U Stores, Inc. Extended Through ... Jun 4, 2004
Exclusivity Period for Factory 2-U Stores, Inc. Extended Through December 3, 2004; Six-Month Extension Granted With the Support of Creditors' Committee ... Exclusivity Period for Factory 2-U Stores, Inc. Extended Through December 3, 2004; Six-Month Extension Granted With the Support of Creditors' Committee ... Factory 2-U Stores, Inc. (Pink Sheets:FTUSQ) today announced that the United States Bankruptcy Court in Wilmington, Delaware has issued an order extending through December 3, 2004 the... (Business Wire, CA)
Factory 2-U seeks to close additional 23 stores Jun 4, 2004
Factory 2-U Stores Inc. on Friday announced that it has asked the U.S. Bankruptcy Court in Wilmington, Del. to approve its plan to close an additional 23 stores in the United States, including its second in San Antonio. (San Antonio Business Journal, TX)
Wet Seal appoints new finance chief Apr 22, 2004
Felderman, who has served as CFO of Factory 2-U Stores Inc. and Strouds Inc., replaces Joe Deckop, who has served as the financial chief on an interim basis. Former financial chief, William B. Langsdorf, resigned in January to focus on family and personal concerns. (San Diego Union-Tribune -- Business)
San Diego Briefing: Biogen Idec sees revenue rise Feb 12, 2004
Factory 2-U Stores Inc., which sought Chapter 11 protection last month, won Bankruptcy Court approval to close 44 stores and start liquidating inventory at those locations. The closings will leave the San Diego-based discount retailer with 199 U.S. locations. (San Diego Union-Tribune -- Business)
FACTORY 2-U STORES, INC. Announces December Sales Jan 7, 2004
7, 2004--FACTORY 2-U STORES, INC. (Nasdaq: FTUS) today announced that sales for the five-week period ended January 3, 2004 were $74. The Company did not open or close any stores during the five-week period ended January 3, 2004 (Business Wire (press release)
Factory 2-U Stores, Inc. Announces Appointment of Interim CFO Jan 6, 2004
6, 2004--Factory 2-U Stores, Inc. (Nasdaq:FTUS) today announced that effective January 5, 2004, Douglas C. Felderman resigned from the Company to pursue other opportunities and that John Swygert, Senior Vice President of Finance ing, had been appointed Chief Financial Officer on an interim basis. Factory 2-U Stores, Inc. operates 243 "Factory 2-U" off-price retail stores which sell branded casual apparel for the family, as well as selected domestics and household merchandise at prices... (press release)
Factory 2-U Stores "sell" Dec 24, 2003
Factory 2-U Stores "sell" | newratings. US | NASDAQ | Factory 2-U Stores (New Ratings)
Factory 2-U Stores, Inc. Announces Amendments to Financing ... Dec 23, 2003
CORRECTING and REPLACING Factory 2-U Stores, Inc. Announces Amendments to Financing Agreements and Revisions to Fourth Quarter Sales and Operating Results. by Factory 2-U Stores, Inc. (Business Wire (press release)
Factory 2-U Stores downgraded to "sell" Dec 12, 2003
Factory 2-U Stores downgraded to "sell" | newratings. US | NASDAQ | Factory 2-U Stores (New Ratings)
Resignation of Factory-2-U CEO sends stock lower Dec 11, 2003
SAN DIEGO Shares of Factory 2-U Stores Inc. fell sharply Thursday, as investors reacted to the unexpected resignation of the company's top executive, William R. Fields. Factory 2-U CEO abruptly steps down (San Diego Union Tribune, CA)
A Discounted Discounter Dec 11, 2003
Factory 2-U Stores Inc. (FTUS). IT WAS JUST over a year ago that we questioned whether William Fields was the right man to turn around struggling discount retailer Factory 2-U Stores (FTUS) (Smartmoney.com (subscription)
USA: Factory 2-U CEO Fields Resigns Dec 11, 2003
Article Summary: Discount casual apparel retailer Factory 2-U Stores Inc has announced the resignation of its chief executive officer William Fields. Members only (just-style.com, UK)
Factory 2-U Stores, Inc. Announces Appointment of Interim CEO And ... Dec 10, 2003
Factory 2-U Stores, Inc. Announces Appointment of Interim CEO And Formation of Executive Committee. 10, 2003--Factory 2-U Stores, Inc. (Nasdaq:FTUS) today announced that William R. Fields had resigned as CEO, Chairman and a Director of the Company, effective immediately, to pursue retirement (Business Wire (press release)
FACTORY 2-U STORES, INC. Announces November Sales Dec 3, 2003
3, 2003--FACTORY 2-U STORES, INC. (Nasdaq: FTUS) today announced that sales for the four-week period ended November 29, 2003 were $46. For the four-week period ended November 29, 2003, the Company did not open or close any stores (Business Wire (press release)
Skillsoft Educates Skeptics Dec 3, 2003
Factory 2-U Stores (FTUS) shares rose 2% after the closing bell when the company said same-store sales rose for the first time in five months in November, gaining 2. 9% even as total sales fell (Smartmoney.com (subscription)
FACTORY 2-U STORES, INC. Announces Appointment of New General ... Nov 13, 2003
FACTORY 2-U STORES, INC. Announces Appointment of New General Merchandise Manager. 13, 2003--FACTORY 2-U STORES, INC. (Nasdaq:FTUS) today announced the appointment of A.J. Nepa as Executive Vice President and General Merchandise Manager of the Company (Business Wire (press release)
Factory 2-U Stores, Inc. Announces Fiscal 2003 Third Quarter ... Nov 12, 2003
Factory 2-U Stores, Inc. Announces Fiscal 2003 Third Quarter Operating Results. 12, 2003--Factory 2-U Stores, Inc. (Nasdaq:FTUS) today announced its operating results for the third quarter ended November 1, 2003 (Business Wire (press release)
FACTORY 2-U STORES, INC. Announces October Sales Nov 5, 2003
5, 2003--FACTORY 2-U STORES, INC. (Nasdaq:FTUS) today announced that sales for the four-week period ended November 1, 2003 were $35. For the four-week period ended November 1, 2003, the Company did not open or close any stores (Business Wire (press release)
Factory 2-U shares drop 15% Oct 22, 2003
Shares of Factory 2-U Stores Inc. slid 15 percent after an analyst cut his rating on them to sell from hold, citing sluggish sales and concerns about its turnaround effort. The San Diego off-price clothing retailer said its October comparable sales are running below expectations, having declined 8 (San Diego Union Tribune, CA)
US company earnings forecasts-Oct. 9 Oct 9, 2003
Factory 2-U Stores, Inc. (nasdaq: FTUS - news - people) said it would lose between 15 cents per share and 17 cents per share in the third quarter. Bebe Stores Inc. (nasdaq: BEBE - news - people) increased its third-quarter earnings per share forecast to the range of 21 cents to 23 cents from a previous forecast of 18 cents to 21 cents (Forbes)
Factory 2-U Stores, Inc. Announces September Sales Oct 8, 2003
8, 2003--Factory 2-U Stores, Inc. (Nasdaq:FTUS) today announced that sales for the five-week period ended October 4, 2003 were $40. For the five-week period ended October 4, 2003, the Company did not open or close any stores (Business Wire (press release)
