Youngs, the department store chain that owns Youngs Electronics, has announced that it will close its stores and sell off some of its inventory.
Youngs spokeswoman Lauren Smith said that the company will shutter its stores on Sept. 11.
In a statement, Youngs said it will continue to offer its products and services through its online store, the Youngs App, and via select retailers.
It will also shut down the Young’s App and Youngs Web store.
Young’s was founded in 1962 and has been a longtime fixture in the Los Angeles-area.
The company has a huge brick-and-mortar presence, but its online business has grown in recent years, reaching nearly 50 million users and nearly $3 billion in sales.
The store has also gained attention in recent months for its aggressive marketing strategy and for using celebrities to promote its products.
Young-owned stores in the San Francisco Bay Area, San Francisco, Los Angeles and Oakland are expected to be the last remaining Youngs outlets.
The chain, which was founded by Howard Schultz and his brother, has faced increased competition from retailers such as Walmart and Sears.
But Youngs has struggled in recent quarters, with its stock price falling 20% in the fourth quarter of 2017, according to data compiled by The Wall Street Journal.
Sears said in a statement that it is reviewing the announcement.
The stores will be “retaining a portion of inventory to help support our ongoing investment in its online and in-store operations.”