Avenue Stores LLC is a specialty retailer in the United States offering plus-size clothing to women who wear larger-size clothing. The company serves a target audience of women aged between 25 and 55 years of age, wearing apparel of size 14 or larger, and also sells shoes and accessories. The group operated 222 stores in 33 states in 2019, all under the name The Avenue.
Avenue Stores LLC was headquartered in New Rochelle, New Jersey and went through a series of parent companies, with Versa Capital Management, a private equity firm overseeing its final bankruptcy. It also operated the women fashion brands Loralette and Cloudwalkers.
Avenue closed all of its stores by 2019, remaining only as an online retail operation.
In 1983, Avenue clothing stores began when Limited Brands combined their Lerner Woman and Sizes Unlimited brands. The new business, under the auspecies of United Retail Group, was based in New Rochelle, New Jersey. Its IPO took place in 1992. In 2005, and 2006, Avenue was showing sales growth.
The company was acquired by the now-defunct Redcats USA in 2007, with their parent company Kerig, a French fashion group. When Avenue went bankrupt in 2012, it was acquired by Philadelphia-based private equity firm Versa Capital Management.