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Anchor Blue Closing All 117 Stores

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After over 30 years as a specialty retailer of casual apparel and accessories for the teenage and young adult markets, Anchor Blue is closing all 117 stores. Store closing sales started on January 7, 2011 and will continue until all merchandise is sold.

"As a way of expressing our appreciation for their years of patronage, we encourage all of our loyal customers to take advantage of the tremendous savings across all locations," said Tom Shaw, Chief Executive Officer at Anchor Blue Retail Group.

Consumers can find incredible savings on all merchandise including tops, jackets and hoodies, shorts, jeans, pants and crops, dresses, accessories, backpacks and bags, fragrance, jewelry, swimwear, sunglasses, intimates, hats, shoes and belts.

Store fixtures such as apparel racks, shelving, lighting, cabinets and more will be sold too.

All Anchor Blue stores will honor gift cards until January 21, 2011. Returns on purchases made before January 7, 2011 with a receipt and in compliance with Anchor Blue's return and price adjustment policy will be accepted until January 21, 2011. After January 21, 2011, no returns or exchanges will be accepted on any merchandise. All sales made on or after January 7, 2011 are final.

Gordon Brothers Group and Hilco Merchant Resources are collectively running the going-out-of-business sales on Anchor Blue's behalf.

"Consumers can find great values at every store location. Those who arrive first will be able to choose from the broadest selection of merchandise," Jeff Paronto, SVP, Chief Operating Officer, Hilco Merchant Resources and Thomas Lonabocker, Principal & Manager Director, Gordon Brothers Group jointly stated.

"All merchandise is currently marked down between 40% and 60% off regular retail pricing so we expect it to sell fast. All store fixtures are being sold too."

Beginning as Miller's Outpost in 1972, the company changed its name to Anchor Blue in the late 1990s to reflect the fact it marketed, distributed and sold its own line of jeans and other clothing and accessories in its stores.

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