Employees of the Salina store were notified of the closure on March 1st.
Vanity’s announcement of the closures follows a filing of a voluntary petition for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the District of North Dakota. That petition was also filed on March 1st.
A statement released by Tiger Group, the company handling Vanity’s going-out-of-business sale, gave the reasoning behind the decision to close the stores: “The company’s difficult decision to close all stores is emblematic of the pressures facing mall-based specialty apparel retailers in the wake of ever-increasing competition from big-box ‘fast-fashion’ chains and e-commerce sites.”
No closure date has been announced and store management has indicated that the store will remain open all remaining inventory is sold.
Vanity becomes the latest Central Mall store to announce its closure. Sears announced the closure of their mall location in early January and Radio Shack announced the closure of their mall store in late February.