These are the companies downsizing or filing for bankruptcy in 2019
These are hard times for brick and mortar retail. While consumers still like to shop in brick and mortar stores, many retailers have been struggling to stay afloat due to dropping footfall in shopping malls and competition with online retailers. Here’s a recap of the fashion businesses which announced downsizing plans or filed for bankruptcy protection in the first five months of 2019.
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Abercrombie & Fitch
Bankruptcies
Burberry
downsizing
Dressbarn
Foot Locker
Gap
JCPenney
Roberto Cavalli
Store closures
Topshop
Victoria's Secret