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Deb Stores posts $2.39 million net loss for period of Jan. 3-Jan. 30
By Caroline Salls
Pittsburgh, May 12 – Deb Stores Holding LLC reported a net loss of $2.39 million for the period of Jan. 3 to Jan. 30 on zero revenue, according to its monthly operating report filed May 11 with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Deb Stores posted a net profit of $220,402 for the period of Nov. 29 to Jan. 2, also on zero revenue.
The company had $2.45 million cash and cash equivalents as of Jan. 30, down from $2.86 million at Jan. 2.
Deb Stores is the parent company of Deb Shops, a Philadelphia-based retailer that specializes in junior and plus-sized merchandise for women aged 13 to 25. Deb Stores filed for bankruptcy on Dec. 4, 2014. The Chapter 11 case number is 14-12676.
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