US plus-size apparel retailer Deb Shops has filed for Chapter 11 bankruptcy protection for the second time in less than four years.

Chief Executive Dawn Robertson made the filing with the US Bankruptcy Court in Wilmington, Delaware yesterday (5 December). Deb Shops cited a lack of capital investment in the business for the bankruptcy.

Court documents noted the company may conduct a going-out-of-business sale at its 295 stores. Deb Shops is owned by private equity firm Cerberus Capital Management, which is seeking a buyer for the business. If no such buyer is found, then the liquidators will be called, the filing stated.

"Deb's recent performance has been strained due to a combination of factors, including historic lack of capital invested in business resulting in old tired stores," Robertson said in the court documents.