The Limited may shutter headquarters, close 250 stores permanently
Limited Stores LLC is cutting jobs while facing a possible permanent shutdown.
The New Albany-based women’s apparel retailer filed a notice with the Ohio Department of Job and Family Services saying it could lay off up to all 248 employees at its home office and shutter that facility in the wake of disappointing sales.
Layoffs began immediately.
“Limited Stores, like many of its peers, is facing ongoing challenges in the current retail environment,” the company said in an emailed statement. “After a detailed and thoughtful review, management has made the difficult decision to separate a number of associates at the company’s headquarters in New Albany.
“This action enables us to focus our resources on the operation of our stores and e-commerce platforms while we continue exploring options to address these challenges and provide greater financial flexibility, including discussions with a number of interested buyers.”
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