National fashion retailer files Chapter 11 bankruptcy, still open (for now)

The area of skills retail apparel industry has faced headwinds over the final phrase two years that agree with forced plenty of these corporations to file for financial spoil and shut store locations.

Ailing retail chains agree with usually suffered the an identical symptoms of rising labor and product costs driven by inflation, high brick-and-mortar hire rates that no longer originate financial sense, rising pastime rates on their debt, altering consumer attitudes, and in some instances, shrinkage from theft.