Teen fashion retailer Styles For Less Inc. filed for bankruptcy protection, the latest apparel retailer to file following declining sales, Reuters reported. The Anaheim, Calif.-based company listed assets and liabilities between $10 million and $50 million in its filing in the U.S. Bankruptcy Court for Central District of California on Monday. The company listed wholesale suppliers such as Vivace and Ambiance among its biggest creditors. Styles For Less sells women’s clothes and accessories at about 100 stores in malls and outlets in California, Nevada, Utah, Arizona and Florida, according to its website. The retailer planned to reorganize its debt during the bankruptcy, and was seeking a loan to fund it through the process, Reuters had reported last week.
