Anchor Blue Closing

Though this isn't a travel or transportation related entry, but this post is about a store I would shop at whenever I am in California. Anchor Blue and In-N-Out Burgers are two California institutions that get my business out west. Even in Austin, TX I went to an Anchor Blue at Lakeline Mall back in 2008. Anchor Blue sold some great t-shirts, but I also liked their flannel shirts and hoodies, especially the hoodie with their logo on it lol!

I will miss this store, too bad the bad economic conditions finally did them in.

An article about the sad announcement:
http://www.costar.com/News/Article/Anchor-Blue-Calls-It-Quits-Closing-115-Stores/125791

Anchor Blue Inc., a specialty retailer of casual apparel and accessories for the teenage market, filed a petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code with the Bankruptcy Court for the District of Delaware.

Anchor Blue previously emerged from a restructuring in August 2009. Since then, the company has worked to implement a series of initiatives to position the business for future growth including introducing new merchandise, reducing overhead costs, launching a new store concept, and bolstering its executive team.

However, Anchor Blue has continued to face strong headwinds from product promotions and discounts offered by larger retailers and unusually disruptive weather conditions in Southern California where the majority of its stores are located.

Additional capital was injected into the business in November 2010 to help Anchor Blue through the holiday season, but the company suffered severe sales declines in December which further eroded its financial position.