Blizzard of Bankruptcies May Befall Women’s Retailers This Winter

TWL_2015_jan_blog2Disappointing sales in the highly competitive retail world have forced several women’s retailers to either shut their doors or consider filing for bankruptcy this week.  Among the beleaguered stores is popular teen outlet Wet Seal. The national chain announced it would immediately close more than half its stores and layoff almost 3,700 employees. Another national retailer, Body Central, defaulted on its debt this week and may be forced to file Chapter 11 bankruptcy.  In an interview with The Wall Street Journal, one industry insider speculated that these distressed retailers are a sign of what is to come for other specialty apparel retailers in 2015.

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Image Source: Nicholas Eckhart