The Ibex Outdoor Clothing store in Cherry Creek will close. (Kailyn Lamb)
The planned liquidation of a Vermont-based company soon will mean a retail vacancy in Cherry Creek.
Ted Manning, CEO of Ibex Outdoor Clothing, announced Friday that the company “will cease operations as we know them sometime in February.”
“As we sell through our remaining inventory, please understand that all sales are final, and we will not be taking returns or exchanges,” Manning wrote on the company’s website.
Ibex sells wool clothing and accessories for summer and winter recreational activities. It has three stores – in Seattle, Boston and at 250 Columbine St. in Denver – and also sells products online.
The Denver store opened late last year. The company originally signed a 10-year lease at the 1,500-square-foot location.
Manning told BusinessDen the Denver store likely would remain open through at least late January.
Ibex laid off 12 employees in November and indicated it was shifting its business strategy, according to New Hampshire newspaper Valley News. The retailer said it was stopping distribution to third-party brick-and-mortar retailers and focusing on sales through its own stores and website.
The publication reported Friday that the company hopes to sell its remaining assets.
The Ibex Outdoor Clothing store in Cherry Creek will close. (Kailyn Lamb)
The planned liquidation of a Vermont-based company soon will mean a retail vacancy in Cherry Creek.
Ted Manning, CEO of Ibex Outdoor Clothing, announced Friday that the company “will cease operations as we know them sometime in February.”
“As we sell through our remaining inventory, please understand that all sales are final, and we will not be taking returns or exchanges,” Manning wrote on the company’s website.
Ibex sells wool clothing and accessories for summer and winter recreational activities. It has three stores – in Seattle, Boston and at 250 Columbine St. in Denver – and also sells products online.
The Denver store opened late last year. The company originally signed a 10-year lease at the 1,500-square-foot location.
Manning told BusinessDen the Denver store likely would remain open through at least late January.
Ibex laid off 12 employees in November and indicated it was shifting its business strategy, according to New Hampshire newspaper Valley News. The retailer said it was stopping distribution to third-party brick-and-mortar retailers and focusing on sales through its own stores and website.
The publication reported Friday that the company hopes to sell its remaining assets.
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