| Factory 2-U | |
| Industry: | Retail |
| Predecessors: | --> |
| Successors: | --> |
| Founders: | --> |
| Areas Served: | --> |
| Products: | Apparel |
| Profit: | --> |
| Profit Year: | --> |
| Owners: | --> |
| Parent: | National Stores |
| Subsid: | Fallas Paredes |
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]