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{{Infobox company
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[[File:Factory 2-U.jpg|thumb|Factory 2-U Store #653 [[Rancho Cucamonga]], California]]
| name = Factory 2-U
| logo =
| logo_size =
| logo_alt =
| logo_caption =
| logo_padding =
| image = File:Factory 2-U.jpg
| image_size =
| image_alt =
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| 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 -->
| assets =
| assets_year = <!-- Year of assets data (if known) -->
| equity =
| equity_year = <!-- Year of equity data (if known) -->
| owner = <!-- or: | owners = -->
| 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 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 | publisher= San Diego Union Tribune | date= 3 September 2004 | accessdate= 24 December 2014 | author= Penni Crabtree }}</ref>
'''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>


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> {{OTC Pink|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]], 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>
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]], [[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>
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|San Diego|Companies}}
{{Portal|California|Companies}}
* [http://www.factory2-u.com/ Official ''National Stores'' website]
* [http://www.factory2-u.com/ Official ''National Stores'' website]
* [https://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:Companies listed on the Pink Sheets]]
[[Category:Discount stores of the United States]]
[[Category:Discount stores of the United States]]
[[Category:Companies based in San Diego, California]]
[[Category:American companies established in 1962]]
[[Category:Retail companies established in 1962]]
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[[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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