Of the 291 stores closing, California has the most at 25. This follows the company's recent sale of its North American business to the company Ames Watson for $104 million.
Some locations that are closing include: Barstow, Commerce, Lake Arrowhead, Long Beach, and Newport Beach.
The CEO cites increased competition and the ongoing shift by consumers away from brick-and-mortar retail to online shopping.
The retailer of fashion accessories, jewelry, and cosmetics, primarily targets tweens, teens, and young women.