Bankruptcies continue to pile up in the retail industry.
More than 300 retailers have filed for bankruptcy so far this year, according to data from BankruptcyData.com. Most of those filings were for small companies — the proverbial Mom & Pop store with a single location. But there are also plenty of household names on the list.
Most of these stores are suffering from the same thing: A shift away from traditional storefronts to online shopping.
Not all of these chains will eventually go out of business. Most of them fled for Chapter 11, which allows a company to keep operating while it restructures its debt. But the sector is already on course for a record number of store closings this year.
Here’s a list of some of the more prominent retail bankruptcies to date.
Gymboree: The children’s clothing retailer filed for bankruptcy on June 11, saying it may close 375 of its 1,300 stores under the Gymboree, Crazy 8 and Janie and Jack brands.
rue21: The teen clothing retailer filed for bankruptcy on…