The NRA aims to relocate to Texas, away from the "corrupt political ... environment" of New York. The state's attorney general says officials diverted millions of dollars to their personal expenses.
The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. It's joined in pandemic bankruptcy by rival Brooks Brothers and a growing list of others.
The retailer was acquired in 2019 by online clothing-rental startup called Le Tote. It joins a cascade of bankruptcies by major apparel stores, triggered by the doldrums of the coronavirus pandemic.
Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.
