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{{Infobox company
'''Factory 2-U''' is a chain of stores operated by [[National Stores]]. The brand under National Stores sells off-brand apparel under the Factory 2-U name.<ref name="Crabtree">Crabtree, Penni. "[http://pqasb.pqarchiver.com/sandiego/access/688334201.html?dids=688334201:688334201&FMT=ABS&FMTS=ABS:FT&type=current&date=Sep+03%2C+2004&author=Penni+Crabtree&pub=The+San+Diego+Union+-+Tribune&desc=S.D.+clothing+chain+shrinking+|+New+owner+tells+plan+to+resurrect+bankrupt+Factory+2-U&pqatl=google S.D. clothing chain shrinking | New owner tells plan to resurrect bankrupt Factory 2-U]." ''[[The San Diego Union-Tribune]]''. September 3, 2004. Business C1. Retrieved on February 25, 2010.</ref> The chain was formerly operated by '''Factory 2-U Stores, Inc.''' ([[NASDAQ]]: '''FTUS'''<ref name="About">"[http://web.archive.org/web/20030203104649/www.factory2-u.com/about.html About Us]." Factory 2-U. February 3, 2003. Retrieved on February 25, 2010.</ref>, [[Pink Sheets]]: '''FTUSQ'''<ref>"[http://www.bizjournals.com/austin/stories/2004/08/30/daily46.html Factory 2-U going out of business]." ''[[Austin Business Journal]]''. Friday September 3, 2004. Retrieved on February 25, 2010.</ref>), which had its headquarters in [[San Diego, California]].<ref name="Bankruptcy">"[http://goliath.ecnext.com/coms2/gi_0199-581069/Factory-2-U-selling-its.html Factory 2-U selling its stores: Factory 2-U Stores, Inc., the San Diego-based retailer of discounted apparel that filed for bankruptcy protection in February, arranged the sale of its 172 stores to a retailing group that includes National Stores Inc., a Gardena-based firm that operates Fallas Paredes stores.]" ''[[San Diego Business Journal]]''. August 23, 2004. Retrieved on February 25, 2010.</ref><ref>"[http://web.archive.org/web/20000407184640/www.factory2-u.com/contact.html Contact Us]." Factory 2-U. April 7, 2000. Retrieved on February 25, 2010.</ref> The company was known for selling excess apparel and closeout merchandise from brands such as [[Converse (shoe company)|Converse]], [[Gap Inc.|Gap]], [[Levi's]], and [[Polo Sport]].<ref name="Crabtree"/>
| name = Factory 2-U
| logo =
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| logo_padding =
| image = File:Factory 2-U.jpg
| image_size =
| image_alt =
| image_caption = Factory 2-U Store #653 [[Rancho Cucamonga, California|Rancho Cucamonga]], California
| trading_name =
| native_name =
| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}}. -->
| romanized_name =
| former_name =
| type =
| traded_as =
| ISIN =
| industry = Retail
| genre =
| fate =
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = <!-- if known: {{Start date and age|YYYY|MM|DD}} in [[city]], [[state]], [[country]] -->
| founder = <!-- or: | founders = -->
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| hq_location =
| hq_location_city =
| hq_location_country =
| num_locations =
| num_locations_year = <!-- Year of num_locations data (if known) -->
| area_served = <!-- or: | areas_served = -->
| key_people =
| products = Apparel
| brands =
| production =
| production_year = <!-- Year of production data (if known) -->
| services =
| revenue =
| revenue_year = <!-- Year of revenue data (if known) -->
| operating_income =
| income_year = <!-- Year of operating_income data (if known) -->
| net_income = <!-- or: | profit = -->
| net_income_year = <!-- or: | profit_year = --><!-- Year of net_income/profit data (if known) -->
| aum = <!-- Only for financial-service companies -->
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| members =
| members_year = <!-- Year of members data (if known) -->
| num_employees =
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent = [[National Stores]]
| divisions =
| subsid = Fallas Paredes
| module = <!-- Used to embed other templates -->
| ratio = <!-- Basel III ratio, for BANKS ONLY -->
| rating = <!-- credit rating, for BANKS ONLY -->
| website = {{URL|http://www.fallasstores.net/}}
| footnotes =
| intl = <!-- Set positively ("true"/"yes"/etc) if company is international, otherwise omit -->
}}


'''Factory 2-U''' is a chain of stores founded in 1962, operated by [[National Stores]]. The brand under National Stores sells off-brand apparel under the Factory 2-U name. Factory 2-U also operates stores under the name Fallas Paredes.<ref>{{cite web | url= http://www.utsandiego.com/uniontrib/20040903/news_1b3ftus.html | title= S.D. clothing chain shrinking | work= San Diego Union Tribune | date= 3 September 2004 | accessdate= 24 December 2014 | author= Penni Crabtree }}</ref>
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In 2003 the company Factory 2-U Stores operated locations in [[Alabama]], [[Arizona]], [[Arkansas]], [[California]], [[Louisiana]], [[Mississippi]], [[Missouri]], [[Nevada]], [[New Mexico]], [[Oklahoma]], [[Oregon]], [[Tennessee]], [[Texas]], and [[Washington (U.S. state)|Washington]].<ref name="About"/> When Factory 2-U Stores filed for bankruptcy protection in February 2004, it arranged the sale of 172 stores to National Stores.<ref name="Bankruptcy"/> In August of that year, Factory 2-U stores announced that it was liquidating and that it would receive $28 million from selling about all of its assets to Factory 2-U Liquidation LLC, a consortium headed by National Stores.<ref>Edwards, Larry M. "[http://www.sandiego.com/business/factory-2-u-selling-substantially-all-assets Factory 2-U Selling 'Substantially All' Assets]." ''SanDiego.com''. Monday August 16, 2004. Retrieved on February 25, 2010.</ref>

The chain was formerly operated by '''Factory 2-U Stores, Inc.''' <ref name="About">"[https://web.archive.org/web/20030203104649/http://www.factory2-u.com/about.html About Us]." Factory 2-U. February 3, 2003. Retrieved on February 25, 2010.</ref><ref>"[http://www.bizjournals.com/austin/stories/2004/08/30/daily46.html Factory 2-U going out of business]." ''[[Austin Business Journal]]''. Friday September 3, 2004. Retrieved on February 25, 2010.</ref> which was headquartered in [[San Diego, California]]. The company was known for selling excess apparel and closeout merchandise from brands such as [[Converse (shoe company)|Converse]], [[Gap Inc.|Gap]], [[Levi's]], and [[Polo Sport]].<ref>{{cite web | url= http://www.bizjournals.com/houston/stories/2004/08/30/daily46.html | title= Factory 2-U going out of business | publisher= Houston Business Journal | date= 3 September 2004 | accessdate= 24 December 2014 }}</ref>

⚫
In 2003 the company Factory 2-U Stores operated locations in [[Alabama]], [[Arizona]] (where it already had locations), [[Arkansas]], [[California]], [[Louisiana]], [[Mississippi]], [[Missouri]], [[Nevada]], [[New Mexico]], [[Oklahoma]], [[Oregon]], [[Tennessee]], [[Texas]], and [[Washington (U.S. state)|Washington]].<ref name="About"/> When Factory 2-U Stores filed for bankruptcy protection in February 2004, it arranged the sale of 172 stores to National Stores. In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by National Stores.<ref>{{cite web | url= http://portlandtribune.com/component/content/article?id=136110 | title= Factory 2-U to close | publisher= Portland Tribune | date= 6 September 2004 | accessdate= 24 December 2014 | author= Gill, Holly M. }}</ref>


==References==
==References==
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== External links ==
== External links ==
{{Portal box|San Diego|Companies}}
{{Portal|California|Companies}}
* [http://www.factory2-u.com/ Official ''National Stores'' website]
* [http://www.factory2-u.com/ Official ''National Stores'' website]
* [http://web.archive.org/web/20030130121524/http://www.factory2-u.com/ Factory 2-U] (Archive)
* [https://web.archive.org/web/20030130121524/http://www.factory2-u.com/ Factory 2-U] (Archive)

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[[Category:Off-price department stores of the United States]]
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[[Category:Companies based in San Diego, California]]



⚫
[[Category:Discount stores of the United States]]
{{Retail-stub my mom works in fallas paredes
[[Category:American companies established in 1962]]
[[Category:Retail companies established in 1962]]
⚫
[[Category:Companies based in San Diego]]
[[Category:1962 establishments in California]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2004]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2018]]

Latest revision as of 09:08, 9 April 2023

Factory 2-U
IndustryRetail
ProductsApparel
ParentNational Stores
SubsidiariesFallas Paredes
Websitewww.fallasstores.net

Factory 2-U is a chain of stores founded in 1962, operated by National Stores. The brand under National Stores sells off-brand apparel under the Factory 2-U name. Factory 2-U also operates stores under the name Fallas Paredes.[1]

The chain was formerly operated by Factory 2-U Stores, Inc. [2][3] which was headquartered in San Diego, California. The company was known for selling excess apparel and closeout merchandise from brands such as Converse, Gap, Levi's, and Polo Sport.[4]

In 2003 the company Factory 2-U Stores operated locations in Alabama, Arizona (where it already had locations), Arkansas, California, Louisiana, Mississippi, Missouri, Nevada, New Mexico, Oklahoma, Oregon, Tennessee, Texas, and Washington.[2] When Factory 2-U Stores filed for bankruptcy protection in February 2004, it arranged the sale of 172 stores to National Stores. In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by National Stores.[5]

References

[edit]
  1. ^ Penni Crabtree (3 September 2004). "S.D. clothing chain shrinking". San Diego Union Tribune. Retrieved 24 December 2014.
  2. ^ a b "About Us." Factory 2-U. February 3, 2003. Retrieved on February 25, 2010.
  3. ^ "Factory 2-U going out of business." Austin Business Journal. Friday September 3, 2004. Retrieved on February 25, 2010.
  4. ^ "Factory 2-U going out of business". Houston Business Journal. 3 September 2004. Retrieved 24 December 2014.
  5. ^ Gill, Holly M. (6 September 2004). "Factory 2-U to close". Portland Tribune. Retrieved 24 December 2014.
[edit]
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