Toys R Us filed for bankruptcy in mid-September.Getty/Bennett Raglin
This hasn’t been an easy year for the retail industry.
For some companies, the pressure became too much. A growing list of retailers have declared bankruptcy.
Here are the most notable retail bankruptcies to happen in 2017:
The accessories retailer filed for Chapter 11 bankruptcy in December. Charming Charlie is seeking court approval to close 100 stores across the US, The Chicago Tribune reported.
Styles for Less
In November, the budget teen apparel filed for Chapter 11 bankruptcy. The company said in a filing at the time it had already closed 55 stores, USA Today reported.
Toys R Us
The toy retailer filed for Chapter 11 bankruptcy protection in mid-September.
Since it was taken private in 2005, Toys R Us has struggled to compete with both its ecommerce and its brick-and-mortar competitors, like Target and Walmart, that have built up their online business.
Aerosoles Group filed for Chapter 11 bankruptcy protection in mid-September.
The women’s shoe retailer said that it planned to significantly reduce the number of its stores in an effort to better compete with ecommerce rivals. Aerosoles had 300 stores around the world at the time it declared bankruptcy.
The vitamins and nutritional supplements chain announced plans to file for bankruptcy in September. The 345-location chain said it hoped to end certain expensive lease agreements in restructuring.
The perfume company filed for bankruptcy in late August. In filings, Perfumania announced plans to close 64 of its 226 stores.
The children’s clothing retailer filed for Chapter 11 bankruptcy protection in June. In July, Gymboree confirmed that it would be closing 350 of its 1,281 stores.
Alfred Angelo Bridal