Type Private Number of locations 350+ Owner Michael Fallas Founded 1962 | Industry Retail Area served United States Founder Joseph Fallas | |
Products brand name clothing, private label clothing, shoes, household items | ||
Tom arigi sr vp of lp for national stores
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.
Contents
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, and offer brand name and private label clothing for men, ladies, boys, girls, juniors, infants and toddlers along with lingerie, shoes and household items. Fallas Paredes caters to the Hispanic American community.
History
National Stores was started in 1962 by Joseph Fallas in a single downtown Los Angeles store as Fallas Paredes.
The current CEO / owner of National Stores is Joseph's son, Michael Fallas, who started working as a stock boy at age five.
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.
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. 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.
National Stores acquired the Conway Stores chain in January 2014.
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. 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.
In the second quarter of 2016, National Stores leaves a 600,000-square-foot regional distribution center in Otay Mesa, California and moves to a building development by Sares-Regis (SRG) in Perris, California, signing a $26 million 10-year lease, in an effort to realize a more centralized logistic location.
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.