Bloomberg recently published an article indicating Body Central Corp (BODY), a mall based clothing retailer, is preparing to file bankruptcy within the next week.
The company lost $70.2 million in the 12 months ending September. The company sells young women's clothing, and has 265 stores in 28 states. Body Central is based in Jacksonville, Florida, and received notice of default on $18 million in debt. The company's stock lost 97% of its value last year.