ADVERTISEMENT

ADVERTISEMENT

Clothing retailer Vanity to close all stores, including Willmar

FARGO, N.D. -- A North Dakota-based women's clothing retailer will soon close about 140 stores across the country after filing for bankruptcy protection.

FARGO, N.D. - A North Dakota-based women's clothing retailer will soon close about 140 stores across the country after filing for bankruptcy protection.

Vanity Shop of Grand Forks Inc., which is headquartered in Fargo, North Dakota, and operates its stores under the name Vanity, is seeking Chapter 11 protection, according to a voluntary petition for relief filed Wednesday, March 1, in the District of North Dakota U.S. Bankruptcy Court.

All Vanity stores will be closed, which will affect 1,200 to 1,400 employees nationally, said CEO and President Mickey Quinn. She said stores will remain open to sell off remaining inventory, with most stores expected to close by late March.

There are Vanity stores in Willmar, Alexandria and St. Cloud in central Minnesota.

The Vanity store in Fargo's West Acres Shopping Center will likely be one of the last to close in early April, she said.

ADVERTISEMENT

Chapter 11 allows businesses and consumers to reorganize through a court-approved plan. The move gives a company relief from the threat of creditors' lawsuits as it reorganizes, but the plan must be accepted by a majority of creditors.

Board Chairman Jim Bennett said it's a decision the privately held company came to in February.

"It's been a very difficult retail sector in the last three to four years and it just isn't sustainable for us," he said.

Quinn said customer surveys conducted by the National Retail Federation have shown the increasing hardships of retail stores operating in malls. While shoppers used to visit a mall multiple times each month, going into seven to 10 stores during each trip, they now only go maybe once a month to three to five stores.

"The whole industry change is across the whole U.S., and it's impacting all retailers," she said.

Vanity is owned by the Bottrell family in the Fargo area and Montana, according to Bennett, who said it's a "very tough time" for the family.

"It's not something that we wanted to do, but financially, we really don't have a choice."

Vanity got its start when the name was purchased from a dress shop in Dickinson, North Dakota, in 1957. The business was incorporated in 1966, and it established its headquarters in Fargo in 1974.

Related Topics: RETAIL
Ryan Johnson is the Features Editor for The Forum of Fargo-Moorhead. Since joining The Forum's staff in 2012, he has also reported on several beats, including higher education, business and features. Readers can reach him at 218-791-9610 or rmjohnson@forumcomm.com
What To Read Next
Commercial farmers in Nebraska, the Dakotas, and Minnesota start using drones for spraying, seeding.
Artificial intelligence can now act as an artist or a writer. Does that mean AI is ready to play doctor? Many institutions, including Mayo Clinic, believe that AI is ready to become a useful tool.
Madison Rucks is a new payroll specialist with Conway, Deuth & Schmiesing in Willmar.
Katelyn Krueger, a native of Glenwood, is practicing as a physician assistant at the Clarus Dermatology Clinic in Spicer.