Leading off-price apparel chain Factory 2-U Stores Inc on Friday revealed plans to close almost two dozen loss-making stores in a move that will result in a one-time fourth quarter charge of about $13.2 million. The California-based operator of 261 stores said it will close 12 immediately and another 11 outlets in fiscal 2003 as part of a major restructuring drive that will save it up to $5m.