Women's retailer Joyce Leslie Inc. has filed for bankruptcy with plans to liquidate if it can't find a buyer after grappling with declining sales in recent years, Dow Jones Daily Bankruptcy Review reported today. The New Jersey-based retailer, which filed for chapter 11 protection on Saturday in U.S. Bankruptcy Court in White Plains, N.Y., said that changing consumer spending patterns, in addition to its "inability to compete in today's technology-driven environment due to the lack of a sophisticated e-commerce platform" led to its downfall. Joyce Leslie hired SB Capital Group LLC, Tiger Capital Group LLC and 360 Merchant Solutions LLC to assist in liquidating its stores, with store-closing sales slated to begin in February if it can't find a buyer through a bankruptcy auction.
