Urbanas second-largest retail chain is in the midst of a second-quarter financial collapse, and its former owners have sold their second-and-third-hand shops for scrap.
Epic stores are one of the most popular in Urbania, where they’re considered to be the jewel of the Urbans second-floor retail market.
But in a desperate move, Epic said on Monday that its second- and third-hand thrift stores in Champaign, Ill., had been sold for junk and were being sold for pennies on the dollar, and that it was taking the decision to sell them.
The chain’s stock fell by 10% in the afternoon on news of the sale, while its shares were trading down by 8%.
Epic said it had already paid off $1.5 million of the $2.3 million debt.
Epi-Amos has about 1,500 stores across the U.S., Canada, the U