Business & Tech
Justice To Close All NJ Stores, Including One In Edison
The clothing brand will shut down all New Jersey locations by early next year.
EDISON, NJ – Tween clothing brand Justice, will shut down all locations including eight stores in New Jersey, by “early 2021.” The announcement was made Wednesday by parent company Ascena Retail Group.
Justice has eight locations across New Jersey — Bridgewater, Cherry Hill, Deptford, Edison, Elizabeth, Freehold, Paramus and Wayne. The Justice store in Edison is at the Menlo Park Mall.
Although exact closing dates have not been announced, stores will remain open through the holiday season. A wind down of all locations is expected to conclude by early 2021, said the release.
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Mahwah-based Ascena had filed for chapter 11 Bankruptcy in July.
Read More Here: Mahwah-Based Ascena, Owner Of Ann Taylor, Files For Bankruptcy
Find out what's happening in Edison-Metuchenfor free with the latest updates from Patch.
Justice Brand Holdings, an entity formed by Bluestar Alliance, will acquire the Justice brand’s intellectual property, as well as certain assets and liabilities, for about $90 million, the statement said.
“The conclusion of the sale process for our Justice brand is a significant step forward in our efforts to complete our restructuring process and maximize value for all our stakeholders,” Gary Muto, Chief Executive Officer of Ascena said in a statement
“The optimization of our portfolio better positions Ascena for long-term success and supports our vision for the future. As we seamlessly transition ownership of Justice over the coming weeks, we remain committed to delivering meaningful experiences for our customers every day,” he said.
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