On Monday, January 20, 2014, Dots, LLC filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court of New Jersey. The company was started approximately 27 years ago with a single store located in Cleveland, Ohio, but has since grown to a 400 store clothing chain, which spans 28 states and employs over 3,500 people. Through the years Dots has carved out a comfortable niche in affordable fashions, shoes, jewelry and accessories for women ages 25 to 35.
The company now blames their need to file for bankruptcy on prior management, the economy and leases that cost too much. Dots has filed a voluntary petition in an effort to keep doors open, restructure certain operations, continue its new merchandising strategy, and simultaneously find a buyer. To help in these efforts Dots is closing 36 of its stores that are currently underperforming.
Dots currently has 18 stores in New Jersey, according to its website, including locations in Audubon, Bayonne, Bloomfield, Brick Township, Cherry Hill, Elmwood Park, Ewing, Hamilton Township, Lodi, Millville, Montclair, Newark, North Bergen, Perth Amboy, Turnersville, Watchung, and West Longbranch.