Fashion

Want to Feel Old? dELiA*s Is About to Go Out of Business Probably

Fashion

Want to Feel Old? dELiA*s Is About to Go Out of Business Probably

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It doesn’t look good for dELiA*s, news that will likely make you feel old, due to you remembering the brand from when you were young, which now you aren’t, due to the passage of time.

 

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As Buzzfeed reports

dELiA*s is trading for pennies on the stock market – it closed at 11 cents a share on Friday — and is set to be delisted from the Nasdaq Global Market on or around Monday, Nov. 3, its deadline for meeting compliancestandards. It’s on the hunt for an acquirer after reporting that with the way its business is going, it won’t be able to meet its cash requirements for the next 12 months. Sales for the last four quarters have all been down by at least 20% over the previous year; executives said on an investor call in September that the chain will no longer provide earnings guidance.

Want to feel old? Go out of business and lose your job. I bet that makes someone feel old.