Body Central going out of business; will shutter all remaining stores Sunday

Clothing retailer Body Central is going out of business and closing all its stores Sunday evening, according to an attorney for the company.

Body Central Corp., based in Jacksonville, Florida, had said earlier this week that it was "experiencing significant liquidity challenges" and was working with advisers to evaluate its options. As of Jan. 6, the company had 265 stores in 28 states. Gardner Davis, an attorney for the company, said it had about 2,500 employees, who were notified of the closures Friday.

Davis said the company had sought to reorganize its business, but "simply couldn't raise the capital."

Body Central was founded in 1972 and caters to women in their late teens to mid-30s, according to the company's website.