Body Central, a 40-year-old old teen-apparel retailer with 265 “Body Central” and “Body Shop” stores in 28 states mostly in the Midwest and the South, is working on a bankruptcy filing after facing default on $18 million of debt, according to sources.
The Jacksonville, FL-based company has been operating mostly in malls in recent years, which are losing favor among shoppers in the U.S.
Founders Jerrold and Ronnie Rosenbaum opened their first Body Central store in Jacksonville in 1972.
As more mid-level or neglected malls continue to falter and close, mall-dependent retailers like Body Central will be doomed. Add on the woes of teen-apparel retailers — Deb Shops, Delia’s, and now Wet Seal are facing bankruptcy because they were unable to solve the problem of teens’ reluctance to spend — and Body Central has had iffy chances in the face of those pressures.