Who owns annie sez

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The Canadian parent company of the brand is converting most of the Annie Sez stores to its sister chain, Mandee, and closing some stores as the leases expire.

YM, through its U. Grundy said YM decided to concentrate on Mandee, its budget brand for those aged 18 to 25, rather than keep Annie Sez stores open. Annie Sez is the last survivor in a retail category that New Jersey used to dominate: regional chains built around designer markdowns and department store overstocks with fashion deals that arrived daily. All three couldn't survive the competition when T. Maxx expanded, and when department stores began opening their own off-price spinoffs, like Nordstrom Rack and Neiman Marcus Last Call.

Annie Sez has met the same fate as other off-price chains that flourished in the days when outlet and off-price shopping was new, but that couldn't handle the added competition. Its demise, she said "is another warning to those who come first that you must always reinvent yourself in order to give vendors a reason to sell to you as well as to attract shoppers.

Changing places: Uniqlo clothing chain preparing to move to Paramus Park mall. Insider deals: Save on fashion, food, fun. Final going-out-of-business sales are being conducted at Annie Sez stores in Paramus, Clifton, and all other remaining locations. The Paramus and Clifton stores are expected to close at the end of this month, and the conversion of all the stores is expected to completed by the end of this year. The Annie Sez in Closter, which closed earlier this year, reopened recently as a Mandee.

Annie Sez and Mandee originally were clothing chains launched by the Mandelbaum family. The first Mandee store opened in in Kearny.