Bachrach closing remaining stores

After 140 years, menswear retailer Bachrach is closing its doors. As part of their closing sale, discounts on merchandise are up to 50 percent off. Merchandise is available at 14 store-closing sales across eight states, as well as at bachrach.com. Great American Group and Tiger Group are conducting the liquidations on behalf of the retailer's creditors.

The Los Angeles-based chain had briefly emerged from bankruptcy after an earlier round of store closures, but filed for Chapter 11 again on February 16 in California Central Bankruptcy Court.

Scott Carpenter, president of GA Retail Solutions, sung the company's praises one last time before as they announced the liquidation. "Its loyal clientele associates the name not only with menswear of exceptional quality and style, but also with highly-trained salespeople who are adept at helping them look their best," he said. "You walk into Bachrach and they put together an entire outfit for you, right down to the tie pin and the pocket square."

Carpenter added that, "Bachrach is well-known for the way it balances universal appeal while always staying edgy. All of the elements of Bachrach's signature look, from boutonnieres to blazers, are available."

The store closings are underway at malls and other retail properties in Texas, Virginia, New Jersey, Tennessee, Michigan, Wisconsin, Indiana and Illinois.

Best known in the Midwest, the chain had at one time operated 32 stores. "Margins in the menswear sector have been shrinking due to declining foot traffic at malls, stiff competition from e-commerce retailers and significant shifts in consumer spending patterns," Carpenter said. "Unfortunately, Bachrach's store locations were unable to survive these competitive pressures, despite its strengths, such as high-quality merchandise and customer service."