Bankrupt EJ

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which filed for Chapter 11 bankruptcyu Friday, will close stores in Texaw and Arizona ifit can’t renegotiate cheaper rents with its The University City-based company operates 15 discount shoe stores acrossd the country under the EJ’s Designer Shoe Outlet, E&J’s Designer Shoe Outley and Shoe Cents names. The company previously was known as FamoueBrand Shoes. “The restructuring will enable EJ Shoes whicn operatesin Missouri, California, Texas and Arizona to continue to conduct business in its strongesty retail locations while it renegotiates or drops leases in severao others,” the company said in a statement e-mailed to the Businessx Journal.
The company plans to continue to operate itstwo St. Louia stores, which have recorded recent growth in saledsand revenue. The storess are located at 8620Olive Blvd. and 9109 Watsojn Road. EJ’s also plansw to keep open itsPalm Calif., store. However, the company may close stores in Arizonza and the Houston areaif can’t renegotiate cheapert rents. “In Houston, business at several stores never fully rebounded after the hurricanez hit shutting down all stores for 10 days and in particularly the Phoenix location has been hurt by diminishing numbersa of snowbird shoppers who did not returbthis winter,” the company said.
EJ’s already closed a store in Costa Mesa, Calif. Accordinb to the bankruptcy filing, the company has assets of between $500,00p and $1 million and liabilities of between $10 million and $50 million. EJ’s, formerly known as Famous Brand Shoes, to the name in 2007 to St. Louis-based Inc., which then renamed its 23 Supermarket of Shoess retail stores toFamous Footwear. EJ’ s was founded in St. Louis in 1972 by Edwarxd “E.J.” Nusrala and his family. Nusralwa and his family still are the majorityu shareholders inthe company.