The Limited posted a message on their website on Friday announcing that all of their 250 stores have been closed. The company is moving its entire business online. The company held inventory liquidation blowout sales at around 100 stores.
The company was reportedly preparing for bankruptcy in the event it failed to find a buyer.
There is unlikely to be any liquidation inventory buying opportunities here in the short run, but perhaps there will be if they manage to make a go of the online-only business. They will certainly have to find an efficient way to dispose of returns if they expect to build a profitable business that has a chance at competing with the other online players in the apparel market.
We'll keep an eye on this one.