Club Libby Lu was founded by Mary Drolet and sold to Saks.
Saks booked an after-tax charge of $10.6 million in the quarter primarily to shut down Club Libby Lu, a chain that caters to pre-teen girls.
The company said Nov. 5 that it will probably incur $18 million to $27 million of expenses related to the closures in the fourth quarter. It plans to finish closing its 78 free-standing Club Libby Lu stores and 20 more within department stores by May 2.
Dressing Your Child Like a Slut (March 29, 2006)
(previous posts on children with entitlement issues,
Feministe's KEIs: a book on entitled kids,
I'm not a lousy parent, you are a too-needy kid;
the enduring lure of Gunny Therapy and why it doesn't work;
pushing kids into adult behavior in the pre-teen years;