While Frederick’s of Hollywood is a much smaller chain than other recent retail collapses like Delia’s dELiA*s, Wet Seal, and the impending loss of thousands of Radio Shacks, we’re still sad to share the news that about one-third of stores in the lingerie chain will close. While we don’t have the list yet, we do know one store on it: the chain’s flagship store in Hollywood.

That’s could be news for shoppers looking for bustier liquidation sales, but Great American Group, liquidators you might remember from going-out-of-business sales like Circuit City and Target Canada, is handling the shutdown of these stores.

The company isn’t headed for oblivion yet, though: their chief operating officer told investors and reporters that they’re “re-engineering the whole business,” continuing e-commerce sales and keeping around 60 stores open.

Frederick’s of Hollywood shutting a third of its stores [Marketwatch]

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