By  on May 25, 2012

Proceeding along the path outlined at the time of its February bankruptcy, plus-size specialty store Avenue Stores LLC plans over the next three months to close 96 stores and shrink its footprint to about 300 units.

United Retail Group Inc., Avenue’s former parent, filed a voluntary bankruptcy petition on Feb. 1 and in April was acquired by Versa Capital Management, which served as the stalking horse bidder during the bankruptcy process. United Retail said at the time of the filing that the company hoped to use the bankruptcy process to reduce the store count to about 300 units from the current 433.

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