National Stores
 |
|
| Private | |
| Industry | Retail |
| Founded | Los Angeles, California, 1962 |
| Founder | Joseph Fallas |
|
Number of locations
|
350+ |
|
Area served
|
United States |
| Products | brand name clothing, private label clothing, shoes, household items |
| Owner | Michael Fallas |
| Website | www |
National Stores Inc., is a family-owned company headquartered in the Harbor Gateway area of Los Angeles, California with more than 350 locations in twenty-two states and Puerto Rico.[1][2][3]
National Stores Inc. does business as: Fallas, Fallas Paredes, Fallas Discount Stores, Factory 2-U, Conway, CW Price, Falas (spelled with single "l" in Puerto Rico) and Anna's Linen's by Fallas,[4][5] and offer brand name and private label clothing for men, ladies, boys, girls, juniors, infants and toddlers along with lingerie, shoes and household items.[6] Fallas Paredes caters to the Hispanic American community.[7]
History
National Stores was started in 1962 by Joseph Fallas in a single downtown Los Angeles store as Fallas Paredes.[8]
The current CEO / owner of National Stores is Joseph's son, Michael Fallas, who started working as a stock boy at age five.[9]
Expansion
National Stores acquired 31 of the 97 Houston-area Weiner's store locations in 2001 when Weiner's began liquidation after filing for bankruptcy for the second time within five years.[10]
National Stores acquired San Diego, California-based Factory 2-U Stores, Inc. when it filed for bankruptcy protection in February 2004 and arranged for the sale of 172 stores to National Stores.[11] In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by National Stores.[12]
National Stores acquired the Conway Stores chain in January 2014.[13]
On Aug. 27, 2015, National Stores performed a store lease takeover auction of 41 Anna's Linens store leases out of a debtor's sale.[14] Some previously Anna's Linens stores in certain locations will be branded "Anna's Linens by Fallas" according to the intellectual property rights acquired by National Stores and will continue the basic Anna's Linen product offering.[4][5]
Celebrity Endorsement
In November 2014, National Stores partnered with Latin American actress / musical artist Maite Perroni to introduce her Coleccion Maite Perroni, a contemporary fashion line inspired by her favorite designers reflecting her own personal taste.[15]
References
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- ↑ "Fallas Paredes expanding local presence." Austin Business Journal. Monday August 11, 2008. Retrieved on February 24, 2010.
- ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ "About Our Company." National Stores. Retrieved on February 24, 2010.
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